Sub-Prime Mortgage (B Lending)
The most common Sub-Prime Mortgage is a mortgage that is made to a less credit-worthy Borrower. For example, someone who may have poor credit, insufficient income or a lack of documentation. Sub-Prime Mortgages carry higher interest rates to compensate for the additional risk.
About The Author
Don Scott
Don Scott is the founder of a challenger mortgage brokerage that is focused on improving access to mortgages. We can eliminate traditional biases and market restrictions through the use of technology to deliver a mortgage experience focused on the customer. Frankly, getting a mortgage doesn't have to be stressful.
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