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.
What Qualifies A Home For An Fha Loan ?
Approval from a professional property appraiser, appointed by the FHA, is the foremost requirement for a prospective home to qualify for FHA loans.
What Is A Subprime Loan ?
A subprime loan is a loan for that segment of customers who are not eligible for prime loans. Their ineligibility for prime loans is primarily because of a poor credit score, making them a riskier segment of consumers.
