Terms

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  5. Mortgage
  6. Subprime Mortgage

Subprime Mortgage

Parent term
Mortgage
A subprime mortgage is a housing loan that is allowed to borrowers with impaired credit history or no credit history whatsoever. Its borrowers have been bankrupt, delinquent, or have low credit scores and/or low income. These loans have a greater risk of default than loans to prime borrowers.


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