This question was closed without grading. Reason: Other
May 19, 2014 15:35
9 yrs ago
English term

1st pri. mortgage

English to Greek Bus/Financial Economics
Any ideas on what "pri." stands for?

Thank you!

Discussion

ANNA PRIGHIPAKI (asker) May 28, 2014:
Σας ευχαριστώ πολύ όλους. Vassilis Paraskevas, on a lighter note θα συμφωνήσω απόλυτα (χαχα!) :)
transphy May 23, 2014:
Prime Mortgages | Mortgagesorter.co.uk
www.mortgagesorter.co.uk/prime_mortgages.html

pri.=prime mortgages/loans (used in the States)

Prime and Sub Prime Mortgages

A prime, mainstream or standard mortgage is one for which a borrower would need to have a good credit rating and certain circumstances to be eligible.

If you are in regular employment and have always repaid your debts on time – for example, personal loan or credit card payments – and do not have any county court judgments against your name then you should be eligible for a ***prime rate mortgage*** and have access to the best mortgage deals on the market.

If you have a poor credit history due to defaulting on loan or credit card payments or even just paying a phone or utility bill late, then you will be classified as a “sub-prime” borrower.
Vasileios Paraskevas May 20, 2014:
No context? priority? privileged?
On a lighter note, είναι όταν πας την πρώτη φορά για δάνειο και σου λέει "πριτς" η τράπεζα;;;!!!
Kyriacos Georghiou May 19, 2014:
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