What are Subprime Mortgage Rates?

Answer A subprime mortgage rate is an interest rate given to a borrower with a low credit score, usually below 620. The interest rate charged is higher than that of a borrower with a high credit score.Sig... Read More »

Top Q&A For: What are Subprime Mortgage Rates

What is a subprime mortgage?

A subprime mortgage is defined not by the type of loan but by the type of borrower. Subprime borrowers are people who can't qualify for the conventional mortgages and lower interest rates available... Read More »

What is subprime mortgage?

A subprime mortgage is a mortgage loan that is made to individuals who have poor credit and who cannot qualify for a conventional mortgage.High RiskA subprime mortgage is offered to borrowers who a... Read More »

Where did the subprime mortgage begin?

Subprime loans started at Long Beach Mortgage, owned by Washington Mutual. Long Beach Mortgage stopped scrutinizing borrowers and started granting mortgages to almost anyone. Long Beach Mortgage bu... Read More »

When did the subprime mortgage start?

Subprime mortgages started in 1999. In the early 1990s, people were carefully scrutinized before getting a loan. The subprime mortgage crisis started in June 2007 when two Bear Stearns hedge funds ... Read More »