When a mortgage lender provides loans to borrowers without sufficient income or a down payment, the lender is said to provide a(n) ________ mortgage.

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Subprime mortgages are offered to borrowers who have lower credit scores and may not qualify for conventional mortgages due to insufficient income or lack of a down payment. These loans carry higher interest rates to compensate for the higher risk of default.

When a Mortgage Lender Provides Loans to Borrowers Without Sufficient