Does It Ever Make Sense to Get a Subprime Mortgage Loan?

Christy Bieber, The Motley Fool
·3-min read
Does It Ever Make Sense to Get a Subprime Mortgage Loan?

A subprime mortgage loan is a mortgage loan made to borrowers who don't qualify for a loan at a competitive interest rate. The interest rates with a subprime loan are usually very high, which can make borrowing much more expensive. In most cases, it does not make sense to take out a subprime mortgage loan.