How to Budget for Your First Home

Homeownership is an exciting achievement, but it’s also a huge responsibility. Entering into home-ownership when you’re ready is more important than doing so right away. Starting off on the right foot can positively impact ...

How Much Should You Spend on Housing?

When you’re laying out your budget, housing money is probably a pretty big chunk. After all, shelter is one of the most basic human needs. Before you sign up for a new lease or mortgage, make sure that the monthly payments won’t ...

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 ...

Home Down Payments and Alternatives

Among the most challenging hurdles to overcome on your path to home ownership is the down payment. Unless you are in a great position of financial advantage, coming up with a large sum of liquid capital at one time is a difficult ...

How to Take Advantage of Your Home’s Equity

Property values have increased 13.2 percent in the last year, according to a report by Zillow earlier this year, with similar growth expected to continue into 2022. Increased property values coupled with interest rates still near ...

Do Bathroom Remodels Increase Home Value?

Deciding what home improvement projects to invest in can be tricky. You don’t want to pour money into a renovation or remodel that won’t pay off when you go to sell. If you’re eager to increase your home’s value, consider ...

Refinance to Fund Your Home Renovation

Over the past several months, most Americans have been spending more time at home than ever before. While being at home may be a challenge for some, it’s also opened a number of homeowner’s eyes to how they can improve their ...

Should You Buy a Foreclosed Home?

Many home buyers look at foreclosed homes as potentially great deals. However, the reality is that buying a foreclosed house can come with downsides that outweigh the initial advantages. The following are some of the factors to ...

Low Rates Amid COVID-19

The Coronavirus (COVID-19) Pandemic has left no business or industry untouched. While Americans and the rest of the world attempt to adapt to a “new normal” by easing back to work and acclimating to the changes brought forth, ...

What is Mortgage Forbearance?

COVID-19 has affected all of our lives in one way or another, including our finances. For those experiencing a job loss due to the COVID-19 pandemic, we would like to extend help during this difficult time. Colonial is working ...