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What are the different types of subprime mortgages?

Answer:
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 later on, which makes payments higher, often catching owners off guard.
First answer by Answers Publishing Network. Last edit by Answers Publishing Network. Contributor trust: 99 [recommend contributor recommended]. Question popularity: 2 [recommend question].

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