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Mortgage Terms: Sub Prime Borrower Definition

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Mortgage Terms: Sub Prime Borrower Definition

Sub prime borrower

Definition

A borrower with poor credit.

Such borrowers pay more than prime borrowers, and are sometimes taken advantage of.

Read Should Mortgage Borrowers With Poor Credit Shop?

Related Terms

Other terms related to 'Sub prime borrower' starting with the letter 'S'

Scenario analysis, Subordinate financing, Seller contribution, Simple interest biweekly mortgage, Silent second

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