exotic mortgage是什么意思

来源：学生作业帮编辑：作业帮分类：英语作业时间：2024/05/13 03:51:01

Exotic mortgage is a term used to describe any nontraditional mortgages.These mortgages allow homeowners to be able to afford high-priced homes.Buyers are sometimes allowed to defer principal or interest payments to a later date.These mortgages are historically risky for both the borrower and the lender.

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