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Pennsylvania D.U.I./Criminal and Traffic Defense

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Marsha Grayson
Marsha Grayson
Practicing in: D.U.I./Criminal and Traffic Defense
Location: Downtown
Sub-prime loans
Sub prime loans are typically offered to persons with poor credit histories or those with a lack of credit history, and they carry a higher rate of interest than prime loans to compensate the lender for increased credit risk. Sub prime loans for mortgages or refinancing fall more often into foreclosure for reasons that may include higher interest rates, ignorance of a personís ability to repay the loan, ballooning interest payments, and hidden fees.

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