Non-conforming loans (also known as sub-prime lending)
DEFINITION OR MEANING
Non-conforming loans (also known as sub-prime lending)
Non-conforming loans are made for borrowers who have bad credit histories or trouble meeting income verification in order to obtain a standard loan. Non-conforming loans generally have higher interest rates than standard loans as they are higher risk for the lender.
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discover everything they need to know to build a successful business.
