To others, a subprime loan means redemption. To some, it is a nightmare. Subprimes have its pros and cons. And if you applied for one for the right reasons and with ample knowledge of what you’re getting into, you’d less likely be in a nightmare. A subprime loan is known to have very high-interest rates, […]
A Case and Cause for Subprime Lending
Subprime lending is offering financing to an individual who won’t qualify for a conventional loan, on account of having a thin credit profile. Not too long ago, subprime lending suffered from a bad reputation. The housing market experienced steady growth from 1995 to 1999. With the stock market crashing a year later, monies shifted […]