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Resources for Consumers. Click an article title below to show the full page.

Why do business with a CMLA member?

 

Financing your home is likely to be the most significant personal transaction you will ever make. It is definitely not the time to take chances on businesses or individuals of unknown reputation or standards.

Get Loan Help - Foreclosures, Loan Modifications, etc.

 

The CMLA is committed to providing consumers with resources and education to help ensure a successful mortgage transaction. Please review the following tools/links. If you have missed a payment or are in danger of foreclosure, contact the Colorado Foreclosure Hotline at 1-877-601- HOPE.

If you need further assistance Call:(303) 894-2166

Mortgage Terms

 

Confused with terms in your loan contract? Want to know what all the jargon means?

Acceleration

Acceleration is the right of the mortgagee (lender) to demand the immediate
repayment (within 30 days) of the mortgage loan balance upon the default of
the mortgagor. (borrower)  Acceleration is most
frequently triggered by the sale of a property without the
underlying mortgage being paid off.  This "Due-on-Sale

Tips for selecting the right lender and managing your loan application

 
  • Before shopping for a lender, know your credit
    score and how much you wish to spend on a monthly
    mortgage payment. If your credit score is above
    680, you should qualify for an “A”
    paper mortgage. Scores in the range of 620-680
    will still allow you to negotiate for a good
    rate.
  • Consider talking with at least two lenders.
    Lenders highly recommended by friends and/or
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