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What is a sub-prime mortgage? Group of answer choices It is a mortgage...

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Finance

What is a sub-prime mortgage?
Group of answer choices
It is a mortgage loan offered at an interest rate below the prime lending rate.
It is a mortgage loan made to a homeowner by an insolvent lender.
It is a mortgage loan made to a buyer whose credit or income would not ordinarily qualify for a mortgage loan.
It is a mortgage loan made to a buyer whose excellent credit score earns the buyer a preferential interest rate.

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