Riddle: I'm a risky bet that banks regret, given to those with lots of debt. Definition: A loan given to borrowers with poor credit history and high risk of default.
Subprime Loan
Riddle: When you can't pay the bank what you owe, your house gets taken—off you go! Definition: Legal process where a lender takes ownership of a property due to missed payments.
Foreclosure
Riddle: I’m a loan with a home in tow—pay me monthly or face a foe. Definition: A loan used to purchase real estate, repaid over time with interest.
Mortgage
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