What is a subprime mortgage?

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A Subprime Mortgage is a type of mortgage that is normally made out to borrowers with lower credit ratings.

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Asked 2/12/2012 6:49:31 PM

Updated 12/31/2014 8:09:28 PM

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This answer has been confirmed as correct and helpful.

Edited by yumdrea [12/31/2014 8:09:22 PM], Confirmed by yumdrea [12/31/2014 8:09:28 PM]

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What is a balloon loan?

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Question

Updated 4/3/2015 4:31:56 PM

1 Answer/Comment

alfred123

A balloon loan is a type of loan which does not fully amortize over its term.

Added 4/3/2015 2:25:15 PM

This answer has been confirmed as correct and helpful.

Confirmed by Andrew. [4/3/2015 4:31:57 PM]

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