Ask Question
27 October, 23:31

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

+4
Answers (1)
  1. 28 October, 00:11
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers