Wondering what proof you need to show you qualify as a first-generation homebuyer? For Colorado's CHFA FirstGeneration program, the answer is simpler than most people expect: a signed affidavit provided by your lender. Here's exactly how the definition works, who counts, and what happens after you sign.
Your mortgage servicer is the company that manages your home loan day to day — sending statements, processing payments, tracking principal and interest, and managing escrow. Here is how the servicer differs from the lender, how to find yours, and what to do when problems come up.
The company you send your monthly mortgage payments to is called your mortgage servicer. It may or may not be the same company as your mortgage lender, and it can change during the life of the loan. Here is how servicing works, what federal rules protect you during a servicing transfer, and what Colorado homeowners should watch for.
An appraisal, an automated valuation model, and a broker price opinion can all put different values on the same home. When those numbers diverge, your lender has to decide which one is most reliable — and you have rights in that process. Here's how it works for Colorado buyers and refinancers.
When you buy or refinance a home, your lender is required to give you copies of each valuation they obtain — not just the full appraisal. This guide explains what counts as a valuation, why the values can differ, and what other disclosures Colorado borrowers are entitled to during the mortgage process.
Every home valuation — whether a full appraisal, a broker price opinion, or an automated model — rests on the same core inputs: sales of similar homes in the same area, tax assessments, and the physical details of the property itself. Here's what goes into the number, why different valuations can disagree, and what Colorado borrowers can do about it.
Scammers mine public foreclosure records and show up claiming to be the new property owner, demanding rent or signatures. Here is exactly how to verify who really owns the home, what documents to ask for, and the warning signs that mark a foreclosure scam — with the official CFPB guidance behind every step.
The finance charge on a mortgage is the total interest plus loan charges you would pay over the full life of the loan. We break down exactly what counts, what doesn't, and where to find the number on your Closing Disclosure.
If a debt settlement company tells you to save money toward a future lump-sum settlement, federal law gives that money real protection. The funds remain yours, the account must be run by an independent third party under your control, and you can withdraw at any time without penalty. Here is how those protections work, what they do not cover, and what Colorado borrowers should do before signing anything.
A debt management plan lets you make one monthly payment to a nonprofit credit counseling organization, which then pays your creditors. Here is how the process works step by step, how it differs from debt settlement and debt consolidation, and what the Consumer Financial Protection Bureau says to verify before you send a single payment.