Definition
A category of mortgages which have a risk potential that is greater than prime but less than subprime. The interest rate offered on these mortgages is usually between the prime and subprime levels. The reason for the increased risk is usually not the borrower's credit history, but rather something specific about the mortgage.
This content can be found on the following page:
http://www.investorwords.com/cgi-bin/getword.cgi?id=6734&term=alt-a
email to a friend
print this definition
cite this definition
link to this page
Copy and paste this HTML in your website to link to this page
Related Research Articles from the InvestorGuide.com University
Introduction to Credit Stresses the importance of credit and explains some basic concepts. Also gives suggestions and a five step process to help take control of your credit.

Credit Card Debt Many people find themselves wasting money each and every month on high credit card interest rates. This article tells you how to avoid getting into credit card debt, and if you do, the best way to escape it.

Credit Mistakes Your credit report may have errors on it, and this can hurt your ability to borrow. That's why it's important to check your credit reports periodically and get errors resolved. Here we describe the best procedure to follow to make sure you're protected so that errors don't hurt you. We also list the contact information of the three large credit reporting agencies: Experian, Equifax, and Trans Union.

Featured Sponsor
|