Many HUD-approved housing counseling agencies offer pre-purchase education—foreclosure prevention at its best! To view a list of agencies that participate in this program and to find a schedule of workshops, visit the Colorado Housing and Finance Authority. 

Reverse Mortgage Counseling (HECM) If you qualify for a reverse mortgage, you will need to obtain a certificate from a HUD-approved housing counselor. To view a list of HECM counselors, visit HUD. 

Default Counseling All of the Colorado Foreclosure Hotline housing counseling agencies offer default mortgage and foreclosure prevention counseling. Contact the Colorado Foreclosure Hotline or find the agency nearest you.


The homeownership is made easier with the help of mortgage loans.

The mortgage will be the largest debt of your life because buying a home is one of the biggest purchases in one’s life. The mortgage loans provide you with the facility to pay back the loan in the form of affordable monthly installments.

Usually, the duration of a mortgage loan is somewhere between 20 to 25 years. However, the 30-year mortgages are now becoming more common because the retirement age is going up. Thus, the mortgage lenders can offer you the loan with lower monthly installments.

We recommend going for the shortest term you can afford as it will help in taking the burden off your shoulders. Similarly, it will also help in saving a lot of money that you are going to pay in the form of interest. And you must also keep in mind that you should choose another 25 or 30 years term when you remortgage.

If you consider choosing the 25 or 30 years term for a remortgage, it will get you into a lot of trouble. And you’d hardly be able to pay back the loan amount on time. So, it’s important to look for plans that you can easily afford.

If you require a bridging loan when you are selling your current home and buying a new home, you may want to read more about it on Smart Loan: Singapore moneylender directory. The website provides tips on how to select the best loan deal and how to save money.