Tag: loan

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The Difference in ‘Nonprime Loans’ Standards Today Compared ‘Subprime Loans’ from the Housing Crisis in Pekin, IL

The Local Records Office notes while all loans are not the same, borrowers in Pekin, Illinois at higher risk will need a higher down payment and will most likely have higher interest rates. Nonprime Loans are expanding mortgage options, with subprime mortgages that were blamed for sparking the housing crisis –are reappearing and being dubbed Read More