Are subprime mortgages dangerous?

A subprime mortgage is for consumers who do not qualify for a conventional mortgage loan. Lenders consider these applicants as a higher risk. http://www.fixed-mortgagerate.com.

If you can handle the terms of the subprime mortgage then it is ok. But you need to be sure that you have the money to cover it, because you are gambling with your future if you do not.

The numbers have not been quantified yet. But I believe it would be less than 10% of the US loans.

Subprime mortgages are for those with a poor credit history, often 600 or below. The most common type includes the ARM, or Adjustable Rate Mortgage. The interest rate starts at low, but increases...

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