How Do You Define Subprime Mortgage?
Sub-premium mortgages are usually given to lenders with low credit ratings. Traditional first class mortgages were not offered because lenders believed that borrowers had a higher default risk.
- Subprime refers to people who take out a mortgage, indicating that it may be a credit risk.
- Interest rates on subprime mortgages are often too high to repay credit lenders for the risk of default on the loan.
- The financial crisis of 2008 was the reason for offering subprime mortgages to unskilled buyers in the years leading up to the crash.
Subprime Mortgage refers to Home loans are provided to those who have a modest reputation or struggle to qualify for traditional loans.
Literal Meanings of Subprime Mortgage
Meanings of Subprime:
Refers to a credit agreement or loan for lenders with a bad reputation rating that usually has inappropriate terms, such as high interest rates
Sentences of Subprime
Alliance of subprime lenders
Meanings of Mortgage:
A legal arrangement under which a bank or other lender lends at interest in exchange for the allocation of the lender's property, provided the transfer of the property is canceled after the settlement of the debt.
Assignment of property to creditors as collateral for the loan.
Sentences of Mortgage
I deposited one lakh cash and took the remaining installments
Synonyms of Mortgage
credit, advance, mortgage, put up as collateral, guarantee, pawn