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algol13
3 years ago
6

A subprime mortgage is ________.

History
1 answer:
Stella [2.4K]3 years ago
7 0

Answer:

High-risk, high-interest loan.

Explanation:

The classical definition of a subprime mortgage is concerned to borrowers with lower credit ratings and it normally carries a higher interest rate.

It is good emphasize  that these loans  carry higher interest rate justified by the the greater risks associated with buyers that have poor credits.

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