nekobaby65 nekobaby65

14-11-2019
Business

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A loan offered at a rate above the normal rate, due to the borrower's low credit rating, is known as what?

A. Subprime
B. Lien
C. Bankruptcy
D. Prime

Respuesta :

eeveemaster eeveemaster

14-11-2019

Answer:

A. Subprime Mortgage

Explanation:

A subprime mortgage is one that's normally issued to borrowers with low credit ratings. A prime conventional mortgage isn't offered because the lender views the borrower as having a greater-than-average risk of defaulting on the loan.

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