There has been a lot of talk in the news lately about sub-prime mortgages and how they are affecting the housing market as well as some of the other economic sectors. Many consumers may be wondering just what are sub-prime mortgages. It is a fair question to ask, but a somewhat difficult one to answer.
One reason it is difficult to define sub-prime mortgages is because they can vary, and they can vary a great deal, in fact. Most of the sub-prime loans that were issued in t…
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