 TITLE: What Is a Subprime Mortgage? CONTENT: What Are the Disadvantages of Subprime Mortgages?\n-------------------------------------------------\nThe main downside to a subprime mortgage is its high cost. The higher interest rates and fees that accompany a subprime mortgage can significantly increase the amount you'll pay for your home over the life of the loan.\nBy adding additional payments and stretching out the duration of the loan, extended-term mortgages can amplify the effects of those high interest rates. And adjustable-rate mortgages, with their regular recalculation of your mortgage interest rate, can make it difficult to predict and plan your household spending from one year to the next. END