Colorado tangible net benefit disclosure 2025

1. Click ‘Get Form’ to open the Colorado Tangible Net Benefit Disclosure in our editor.
2. Begin by entering the date at the top of the form. Next, fill in the Borrower and Co-Borrower names along with the Property Address.
3. Input the Mortgage Loan Originator's CO License number and NMLS ID in their respective fields.
4. Review the purpose of this disclosure, ensuring you understand how it assists in determining tangible net benefits.
5. For Purchase Transactions, check the box indicating that the new loan will enable you to purchase a home or other residential real estate in Colorado.
6. For Refinance Transactions, check all applicable benefits such as lower interest rates, monthly payments, or elimination of private mortgage insurance.
7. Use the provided space to describe any additional reasonable, tangible net benefits not listed on the form.
8. Disclose your income as required and ensure it is stable enough to support mortgage payments.
9. Finally, review and sign where indicated for both Borrower and Co-Borrower before submitting your completed form.

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