Sub-prime Sentence Examples
Instead, these applicants often are referred to sub prime lenders.
If your debt problems of the past are haunting you, then you know that the world of sub-prime lending is scary.
However, most of these cards will be secured cards and/or sub-prime cards with very high interest rates, so you should choose wisely.
On March 30, 2007, the association expelled three sub-prime lenders for controversial practices and had previously expelled another.
The majority of lender programs are beneficial, but some less scrupulous lenders disguise sub-prime mortgage loans as special programs for first time home buyers.
For example, with the rise of the no-money-down sub-prime lending programs of the 1990s, there was a decline in the demand for FHA loans.
However, the mortgage crisis that crippled the real estate market led to a tightening in the standards of the sub-prime mortgage industry, as fewer private investors are willing to finance non-prime mortgages.
Several sub-prime lenders have been run out of business or have cut back drastically on the number of new mortgages they issue.
As a result, Hawaii's first-time and lower-income homebuyers now find doors closed to them that the sub-prime market would have otherwise opened.
This was especially true when millions of sub-prime mortgages went sour, since it put more than a few international banks in a lurch.
AdvertisementYou never want to go into the arena of sub-prime lenders unless you're really desperate, because you'll ay dearly for it.
Both prime and sub-prime lenders are making it easier for customers to refinance auto loans.
Capital One Auto Finance is considered both a prime and sub-prime lender.