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Sub Prime Mortgages on the Rise

sub prime

 

According to the latest credit trends report by Equifax, there was a 28% increase in the number of sub prime mortgages in 2015.

These sub prime loans are typically needed by those who have a lower fico score and are not able to qualify for a conventional loan. Check out the article below:

http://nationalmortgageprofessional.com/news/57399/equifax-more-sub-prime-lending-2015

Published 1/29/16 – Phil Hall for National Mortgage Professional Magazine

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