Loans made available to people who did not have sufficient financial resources to purchase residential property and make monthly payments are called

Name: Loans made available to people who did not have sufficient financial resources to purchase residential property and make monthly payments are called
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Quizplus · Accepted Answer

Subprime mortgages are loans given to borrowers with lower credit ratings who may not qualify for conventional loans, often with higher interest rates to compensate for the increased risk.

Loans Made Available to People Who Did Not Have Sufficient