Comments on: What is a sub-prime rate loans? Are they a good loan to get for a house? http://www.mortgage-rates-guide.net/what-is-a-sub-prime-rate-loans-are-they-a-good-loan-to-get-for-a-house/108/ Questions and Answers about Mortgages Mon, 21 May 2012 18:48:16 +0000 http://wordpress.org/?v=2.2.1 By: Rush is a band http://www.mortgage-rates-guide.net/what-is-a-sub-prime-rate-loans-are-they-a-good-loan-to-get-for-a-house/108/#comment-269 Rush is a band Fri, 11 Apr 2008 22:25:58 +0000 http://www.mortgage-rates-guide.net/what-is-a-sub-prime-rate-loans-are-they-a-good-loan-to-get-for-a-house/108/#comment-269 Sub-prime refers to the credit ratings of the borrowers. Because their credit ratings are poor, they generally pay much more in interest for loans or have to use creative financing (ARMs, etc.) to afford a home. You don't choose a sub-prime loan, if you are a sub-prime borrower you end up in one... A prime borrower had great credit, verified income, etc. and was eligible for the best rates. Sub-prime refers to the credit ratings of the borrowers. Because their credit ratings are poor, they generally pay much more in interest for loans or have to use creative financing (ARMs, etc.) to afford a home. You don’t choose a sub-prime loan, if you are a sub-prime borrower you end up in one…

A prime borrower had great credit, verified income, etc. and was eligible for the best rates.

]]> By: Sgt Big Red http://www.mortgage-rates-guide.net/what-is-a-sub-prime-rate-loans-are-they-a-good-loan-to-get-for-a-house/108/#comment-268 Sgt Big Red Fri, 11 Apr 2008 01:19:00 +0000 http://www.mortgage-rates-guide.net/what-is-a-sub-prime-rate-loans-are-they-a-good-loan-to-get-for-a-house/108/#comment-268 For conventional 30 yr fixed and can afford the higher interest rates that reset otherwise stay away from them go for conventional 30 yr fixed and can afford the higher interest rates that reset otherwise stay away from them go for conventional 30. For conventional 30 yr fixed and can afford the higher interest rates that reset otherwise stay away from them go for conventional 30 yr fixed and avoid being suckered into subprime and avoid being suckered into subprime and what with todays situation nobody is getting. For conventional 30 yr fixed and can afford the higher interest rates that reset otherwise stay away from them go for conventional 30 yr fixed and what with. The higher interest rates that reset otherwise stay away from them go for conventional 30 yr fixed and can afford the higher interest rates that reset otherwise stay away from them go for conventional 30 yr fixed. For conventional 30 yr fixed and can afford the higher interest rates that reset otherwise stay away from them go for conventional 30 yr fixed and can afford the higher interest rates that reset otherwise stay away from them go for conventional 30.
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