Subprime

Subprime

Ok, no rolling on the floor out there but what is the definition of Subprime anyway???????? Subprime, Subprime, Subprime.............I like this word but what the heck does it really mean??????

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Hi JButcher!

Google "subprime" and go to the "Wikipedia" site. It has an interesting write-up on subprime lending.
I didn't know what it was myself. Thanks for asking the question.

Rina

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Subprime

Thank you Rina. I should have googled it to begin with but I did learn a nice history and explanation of why Subprime was a necessity to begin. Thank you for responding.

JButcher


I'm glad you didn't. I got

I'm glad you didn't. I got to learn something too. Smiling

__________________

"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)

"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11

For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249


Barron's Real Estate Guide

is an excellent reference tool for. Their definition of a sub-prime loan is simply a loan offered with less than perfect credit ratings sometimes referred to as B-C lending because of the letter grade assigned to applicants through credit scoring. Such loans typically carry a higher interest rate, more discount points and a lower maximum ltv ratio compared to standard mortgage loans.

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