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What do you mean by sub prime loan?




Hi!
Welcome to the forums!
These are high interest loans usually taken out by borrowers with poor credit. Normally, borrowers opt for these loans when they don't qualify for traditional mortgage loans.

Sub: #1 posted on Mon, 12/20/2010 - 01:59

Good Nelly Good Nelly
Industry Expert
(Posts: 2825 | Credits: )

Sub-prime loans are a thing of past. It was due to these sub-prime mortgages that we are facing a severe crisis in the real estate market. Such loans were offered to those borrowers who did not meet the required lending criteria and had very high interest rates.

Sub: #2 posted on Wed, 12/22/2010 - 00:56

Anna Sweeting Anna Sweeting

(Posts: 1827 | Credits: )


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