Janet Napolitano said state agencies have reached agreements with lenders consistent with terms of a recently announced federal initiative.Gov. Major lenders in Arizona are agreeing to promote new "workout" arrangements to allow many borrowers to get more favorable mortgage terms. Loans that aren't insured by the government are called conventional mortgages. The government-insured may be more attractive in terms of low down payment requirements but they may be more restrictive. The main advantage of applying for online mortgages is their convenience.
