A mortgage with an APR higher than normal is a subprime mortgage.

Name: A mortgage with an APR higher than normal is a subprime mortgage.
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A subprime mortgage is a type of mortgage given to individuals with lower credit scores or other factors that make them a higher risk for defaulting on the loan. These mortgages often have higher interest rates and APRs than traditional mortgages.

A Mortgage with an APR Higher Than Normal Is a Subprime