Look up: sub-loan


  1. Sub prime mortgage loan
    A subprime mortgage is a mortgage that is specifically designed for people who are denied prime or standard mortgages by traditional lenders
    Found op http://www.adverse-mortgage-centre.co.uk/adverse-credit-mortgage-glossary-p

  2. Sub-Prime Loan
    "B" Loan or "B" paper with FICO scores from 620 - 659. "C" Loan or "C" Paper with FICO scores typically from 580 to 619. An industry term to used to describe loans with less stringent lending and underwriting terms and conditions. Due to the higher risk, sub-prime loans charge higher interest rates ...
    Found op http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/buying

  3. Subordinate loan
    Is a second or third mortgage.
    Found op http://www.encyclo.co.uk/local/20965

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