http://www.poochtips.com/ Stimulus package mortgage details. Subprime lenders use the same factors as prime lenders to determine an interest rate. Rates are higher with a low credit score and if the [...]

http://www.poochtips.com/ Stimulus package mortgage details. Subprime lenders use the same factors as prime lenders to determine an interest rate. Rates are higher with a low credit score and if the down payment is minimal. Still, keep in mind the rates and fees are higher at subprime lenders due to the higher risk and higher costs. Additionally, more subprime loans go into default then prime loans.