The total of payments figure on your Closing Disclosure adds up everything you'd pay over the full life of the mortgage. This guide breaks down exactly which components go into it, where to find it on the form, and how Colorado borrowers can use it when comparing loan offers.
The 'total of payments' on a mortgage is the full amount you will have paid over the life of the loan, assuming you make every scheduled payment exactly as agreed. Here's where to find it on the Closing Disclosure, what it includes, and how to use it when comparing loans.
Co-signing a loan is not a character reference — it is a legal promise to pay. Here is exactly what financial responsibility a co-signer takes on, how lenders evaluate a co-signer's credit history, and the questions to ask before you sign for a friend or family member.
When a reverse mortgage borrower has to move out and the people still living in the home are not co-borrowers, the loan generally must be repaid. This guide walks through the occupancy rules for Home Equity Conversion Mortgages, the Eligible Non-Borrowing Spouse exception, and the concrete paths forward: paying off the loan, selling, or deed-in-lieu of foreclosure.
If you can't pay your mortgage or are worried about missing a payment, you have options. Here is what to do first, which loss mitigation options a servicer may offer, how HUD-approved housing counselors help at no cost, and how to spot foreclosure rescue scams before they take your money.
Deferment and forbearance can pause private student loan payments while you serve, but interest generally keeps accruing the entire time. Here's what the CFPB says, how federal and private student loans differ, and what servicemembers in Colorado Springs should ask their loan servicer before pressing pause.
If you have a federal subsidized student loan, you do not have to pay interest on it during an approved deferment — the U.S. Department of Education covers it. Unsubsidized and private student loans work differently, and the gap matters, especially for service members around Colorado Springs weighing deferment during active duty.
Forbearance pauses or reduces payments, but it rarely pauses interest. Here is how interest is handled during mortgage forbearance and student loan forbearance, what the Consumer Financial Protection Bureau says, and the exact questions Colorado borrowers should ask the loan servicer before agreeing to anything.
Deferment and forbearance both pause student loan payments, but they treat interest differently. Here is how each option works under federal rules, what the Consumer Financial Protection Bureau says about them, and why the choice matters for Colorado borrowers planning a home purchase.
A VA home loan can purchase more property types than many borrowers realize — single-family homes with up to four units, condos in VA-approved projects, manufactured homes, and even new construction. The one rule that never bends: the home must be your primary residence. Here is exactly what qualifies, what does not, and how Colorado Springs service members put the benefit to work.