non-prime
adjective
finance & economicsspecialized(alsononprime)uk/ˌnɒnˈpraɪm/us/ˌnɑːnˈpraɪm/relatingto thepracticeoflendingmoney,especiallytobuyahouse, topeoplewho may not beabletopayit back:
Typically, non-primeloansare made topeoplewith alowcreditscoreandcosttheborrowermore.
About 25% ofmortgageholdersin Louisiana areconsiderednonprime.
Synonym
subprime
- In 2006, at theheightof thehousingboom, Goldmanunderwroteover $59billionof non-primemortgages.
- Hundreds ofsmallermortgagelenderssprangup around thecountry,primarilynon-primelendersofferingloansat 100%
- There isevidencethatresponsiblenonprimelendingcan bebeneficialandsafefor theborroweras well asprofitablefor thelender.
Mortgages & real estate
- blockbusting
- brick
- bricks and mortaridiom
- BTL
- buy-to-let
- chain
- equity
- first-time buyer
- householder
- letting
- planning blight
- real estate broker
- realty
- realty office
- refinance
- remortgage
- repo
- repossession
- reverse mortgage
- show home
You can also find related words, phrases, and synonyms in the topics:
Borrowing & lending