Sentences with phrase «risky than conventional mortgages»
Well it is less risky than conventional mortgages that are funded by banks.
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Interest rates for renovation loans are usually one - eighth to one - quarter of a percentage point higher than they are for a conventional mortgage because these loans are riskier for the lender.
The loans were riskier than conventional, secured mortgages, but carried much higher interest rates and produced strong returns for several years.