Many lenders shy away from the idea of subprime loans. And they have a reason to. Subprime mortgages are the root of the 2008 financial crisis that many people today are still recovering from. But are subprime loans really all evil? Subprime Basics In a nutshell, subprime loans are loans granted to borrowers with credit […]
How to Prepare for a Subprime Loan
The term subprime loan seems to be a phrase of the past, but it is slowly making its way back into the forefront of the mortgage industry today. The main difference is that you might not hear the word subprime; what you might hear instead is alternative documentation loan. It is the same thing essentially […]