3 years ago

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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