Subprime Mortgage



Subprime Mortgage

Subprime mortgages typically refer to mortgages extended to individuals or companies with low credit ratings, or where credit quality has not been established by formal / accredited processes. A subprime mortgage may not always be one to a poor credit - for example self-certified mortgages are often labelled “subprime” due to the lack of formal credit approval processes and thus greater potential risk of default.


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