Multiple Choice
Despite many innovations in the lending process that made mortgage loans more accessible and affordable to the general public,many potential borrowers faced considerable barriers in qualifying for a loan and making a down payment.Which of the following types of loans was designed for a borrower with weak credit or who was unable to document his income?
A) Conventional prime home loan
B) Affordable housing loan
C) Subprime mortgage loan
D) Bridge loan
Correct Answer:
Verified
Correct Answer:
Verified
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