Tim Fitzsimons

Gay borrowers are more likely to be denied mortgage loans, and those that do get approved pay higher interest rates and fees, according to a new study from Iowa State University. Despite being “less risky overall,” same-sex borrowers are 73 percent more likely to be denied when applying for a mortgage loan, according to the report. When they are approved, the study found they have mortgage interest rates that are 0.02 to 0.2 percent higher on average — potentially adding tens of thousands of dollars to their repayments over the lifetime of the loan. The study, published earlier this week […]