borrower

When Are Prepayment Penalties Allowed In New Mortgages?

Buying a home is a big financial decision. It often requires getting a mortgage to pay for it. Therefore, you must first understand the terms and conditions before signing a mortgage agreement. Among the conditions, it includes whether the mortgage contains a clause for prepayment penalties. In Arizona, a prepayment penalty is allowed under certain …

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Understanding Mortgages In Arizona And The Major Players In A Foreclosure Process

We know how complicated foreclosures can be. There’s a great deal of stress and uncertainty that comes with it. This is why homeowners should understand how mortgages work in the first place. Just like in other states, Arizona has its specific  regulations in the realm of real estate and homeownership. Therefore, it only makes sense …

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