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 […]
Three Ways Subprime Mortgages are Different Today
When you hear the word “subprime” you probably cringe as the media made it out to seem like subprime mortgages were the number one reason for the mortgage crisis. It is true that they did play a part, but they were not the only reason. Because of that, lenders have come up with a better […]