Sub-Prime Borrower


Definition of "Sub-Prime Borrower"

Patti Bowman & Lisa Bowman Zeiter, Associate Brokers real estate agent
Patti Bowman & Lisa Bowman Zeiter, Associate Brokers, Real Estate Agent Group One Sotheby’s International Realty

A borrower who does not meet the underwriting requirements of mainstream lenders. Sub-prime borrowers pay more than prime borrowers and are sometimes taken advantage of.

 

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