concern that negative credit marks will prevent you from obtaining a
mortgage? An industry of subprime mortgage lenders has
developed to serve those who have credit problems. Subprime is
considered to include those with credit scores below 620 on a
will find is that lenders won't typically use the term "subprime"
because of it negative association. In any event subprime
loans will have higher rates than equivalent prime loans.
Exactly how high depends on factors such as credit score, down
payment, and the type of negative credit.
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