What Is Hard Money Loan ?
A hard money loan is a loan offered with a piece of real estate as security.
How Do Subprime Loans Work ?
Before one can understand how a subprime loan works, it is essential to know what a prime loan is. Lending in the United States as well as in most countries mainly depends on the borrower’s credit score.
History Of Subprime Loans
A loan which is made to an individual having a high credit score (basically a good borrower, who pays back his loans on time without defaulting) is called a prime loan.
