Great news for sellers in Colorado Springs that experienced a short sale in 2014. Fortunately, the mortgage debt forgiveness act was extended one more year. Homeowners that faced a hardship and were forced to short sell their home do not have to worry about the deficiency amount since it will be forgiven under the […]
Home buyers in Colorado Springs that would like to buy a home but cannot afford the down payment can choose to utilize down payment assistance through the Colorado Housing and Finance Authority (CHFA). Borrowers must meet certain requirements in order to qualify for CHFA financing. Home buyers qualifying for CHFA are required to make a minimum contribution of […]
Many home buyers in Colorado Springs that would like to buy a home but cannot afford the down payment choose to obtain down payment assistance from the Colorado Housing and Finance Authority (CHFA). Formerly, borrowers were not required to make any payments on the money received for the down payment (Silent 2nd Mortgage) until they sold or refinanced their home. Now, […]