Subprime – What Exactly is Subprime?

Subprime is considered to be an individual or entity that is below the requirements to meet prime borrowing guidelines.  Those who are subprime have a heightened risk of default due to previous loan default or delinquency.  They may also have filed for bankruptcy of have limited debt experience.  There is no true definition, but those [...]

Subprime Mortgage – What are My Options, Part 2

Subprime mortgage – what are my options explained that the first step in getting a subprime mortgage is to get a credit score.  After you have gotten a reputable credit score you need to decide what your options are. Individual credit scores are analyzed as follows:
lower than 539 – very poor credit
between 540 and 589 [...]