The ChicagoMade Shorts Series is a celebration of the robust local independent film community and a showcase of entertaining work produced by talented Chicago-based artists. Submission is now open for original, entertaining short films a maximum of 8 minutes in length created by Chicago-based filmmakers.
What is a Subprime Loan? A subprime mortgage is a type of loan offered to borrowers with poor credit scores. Typically these are individuals with credit scores lower than a 600 and cannot qualify for a conventional loan. This may also include borrowers with derogatory or adverse credit histories.
When the time comes, you may need to sell that first property and make a new application for an FHA home loan. When homeowners sell or refinance a home, they are paying off the original loan early. Many sub-prime loans require the borrower to pay a penalty for prepayment. While this requirement is included in the contract, home loan paperwork is often lengthy and requires strict attention to the entire document.