Bibi v. Elfrink

OPINION

STOWERS, Chief Justice.

I. INTRODUCTION

' Mariam Bibi and'Javed Raja married and later bought a home in Anchorage with loans from IndyMac Bank, F.S.B. (IndyMac). In-dyMac’s loans were secured by deeds of trust on their home. The couple later received an additional loan of around $10,000 from Kerin Elfrink. The loan from Elfrink charged 10% interest but also included a funding fee of $4,000 rolled into the rest of the loan for payment over time rather .than charged and paid at the outset. Over the course of six years, the couple made irregular payments, increased the loan balance three…