What are subprime loans?

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Subprime mortgages are made to borrowers, usually at a higher interest rate, who do not meet traditional credit criteria or who have unconventional borrowing needs.

Factors that can prevent someone from meeting the traditional criteria could be a high debt-to-income ratio, low reserves at settlement, as well as past credit woes - bankruptcies, defaults, foreclosures, or chronic late payments on debt obligations.

Discussion Forum

Topic	Posts	Last Poster
Ethics	2	azdbroker
Ethics	1	Martina
Life Outside of Real Estate	13	Martina
NEED AGENTS / & REFERRALS	35	Besearcher
$7,500 First-Time Homebuyer Tax Credit Focus of New Postcard Series	1	ProspectsPLUS
$7,500 First-Time Homebuyer Tax Credit Focus of New Postcard Series	1	ProspectsPLUS
The Beautiful Pacific Northwest - REFERRALS!	1	shelbygifford
Northern Virginia and Washington DC Referrals Wanted	1	Besearcher
Property Management	3	yxvayns
NEED AGENTS/ & REFERALS	1	lane1515

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