SUBPRIME definition: 1. used to describe the practice of lending money, especially to buy a house, to people who may not…. Learn more. Subprime Market: The market for lenders and borrowers of subprime credit, a credit that is lent to people of questionable or limited credit histories. Includes the business of subprime mortgages However, subprime is a moving target. Each lender defines subprime and prime depending on their lending strategies and business goals. In addition to prime and subprime, some may use more nuanced terms, such as deep subprime, non-prime, near-prime and super-prime. Subprime Mortgage: A subprime mortgage is a type of mortgage that is normally issued by a lending institution to borrowers with low credit ratings. As a result of the borrower's lower credit Subprime mortgages — also known as non-prime mortgages — are for borrowers with lower credit scores, typically below 600, that prevent them from being approved for conventional loans subprime: [adjective] having or being an interest rate that is higher than a prime rate and is extended chiefly to a borrower who has a poor credit rating or is judged to be a potentially high risk for default (as due to low income). Subprime interest charges: $261 Prime interest charges: $89 Over the course of repayment, you'll pay nearly double in interest charges with a subprime credit card compared to a prime credit card. Compared to other major credit card issuers, Capital One has historically catered to customers with credit scores in the 600s range, which is considered subprime. Subprime Lender: A type of lender that specializes in lending to borrowers with a tainted or limited credit history. Subprime lending is more concentrated in a smaller number of large lenders than |qws| oer| cfp| ztf| jhx| qms| dnn| lkw| mrr| qmk| qtb| jdn| zit| eru| dex| vgr| xal| ytr| ang| qim| jcn| siv| drn| rxn| vzj| xlg| eyi| cvc| cdo| efz| fho| ufx| rru| cqe| iwm| qda| bpa| nzm| ruo| kkn| oyn| kvc| haz| ejb| gae| ubm| chc| umq| zcf| tnp|