Veterans often pay more for low cost loans

 

Source: Chris Arnold, NPR

A new study finds that the rates charged on VA loans vary widely and that veterans often pay more than they should for their mortgages. That can end up costing them tens of thousands more over the life of the loan.

The study found Navy Federal Credit Union offered the lowest rates. At the high end was a lender called New Day USA, which sponsors the Army-Navy football game.

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