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

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asked Jun 2, 2020 179k views

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Nicola Leoni · Answer 1 · 2020-06-06T16:25:13+0000

Answer:

A. Subprime Mortgage

Step-by-step 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.

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

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