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Video: What Is “Prime”?

What Is Prime? The Prime Lending Rate - sometimes just called "Prime" - is the interest rate that banks charge each other for overnight loans. Some consumer rates - like ARMs - are set in relation to Prime.
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Who Is Exempt From The VA Funding Fee?

Who is NOT required to pay the VA funding fee? This video could save some veterans thousands. VA loan applicants pay a funding fee - as of 2014, 2.15% of the total loan amount - which can be thousands of dollars. Some veterans and spouses are eligible for exemption.
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