What will help me determine if I have a subprime mortgage?
A subprime mortgage often has an interest rate that is considerably higher than current rates. Find out what the best rates available today are by going to the Bills.com average mortgage rate chart
. If your rate is more than 3% higher, it is a good indicator of a subprime mortgage. Another way to determine whether or not you have a subprime mortgage is to check the reset rate on your loan. You probably have one if that rate resets to 5% or more above prime after your teaser rate expires.