When to Consider a Second Mortgage

As your largest asset, your home carries a lot of weight in terms of your current financial health and your future financial goals. Using your home as collateral, you can acquire a second mortgage to rectify money troubles or ...

Home Equity Line of Credit vs. Home Equity Loan

If you’re in need of funds for home repairs, renovations, or paying down high-interest debt, you may have considered a home equity loan or a home equity line of credit. While both of these financial options allow you to borrow ...

Overlooked Tax Deductions for Homeowners

While owning a home has its benefits, most homeowners will agree that their mortgage is a hefty expense to pay every month. To lessen the monthly burden of a mortgage payment, here are four tax deductions for which you may qualify ...

Tips for Estate Planning

When it comes to the topic of estates, Stephen White, regional leader of wealth planning for BMO Wealth Management, sums up the importance of having a plan. “Spending a little time to get all your affairs in order is one of ...

More Money, Fewer Problems with a Cash-Out Refinance with Colonial

Is it time you finally remodeled your outdated kitchen or updated your master bathroom? Have you gotten a little behind on your credit card bills or do you have a child attending college in the fall? If you own your home and are ...

The Importance of Flood Insurance

You already have the basic insurance coverages on your home, including dwelling and contents. Now, it’s up to you to decide what other coverages you should add to your policy. Should you opt for earthquake protection? Sewer ...

Smart Home Upgrades to Save Money in the Long Run

You want your home to be as comfortable, efficient and as beautiful as it can be. However, deciding which home improvement projects or upgrades to invest in can be confusing. The following home upgrades will help you save money ...

Is it Safe to Save Your Credit Card Info Online?

If you are a frequent online shopper, having your favorite retailers store your credit card information seems like it might make sense. Having your information at the ready helps you avoid having to input your data every time ...

How to Maintain the Charm of an Older Home When Remodeling

One of the biggest mistakes people make when trying to renovate an older home is to implement trendy improvements rather than timeless ones, as Nicole Curtis, host of HGTV’s “Rehab Addict,” relates. She recommends home owners ...

Should You Get a Construction Loan or a Home Equity Line of Credit?

It’s always been your dream not to simply buy a home for retirement, but to build one from the ground up that is perfectly suited to your vision for how you want to spend your twilight years. To achieve this dream, two of the ...