An Update Regarding COVID-19

It’s been more than two months since the majority of the United States was shut down due to the COVID-19 pandemic. Thanks to social distancing and the use of protective masks, we are seeing what looks to be a return to normalcy ...

The Pros and Cons of Store Credit Cards

Chances are, you have been offered the opportunity to sign up for at least one store credit card while visiting a major retail chain. These offers are often quite tempting, promising you several exclusive benefits if you sign ...

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 ...

Start Spring Off Right With a Refinance From Colonial

Spring is quickly approaching, and with the longer days, warmer weather and afternoon baseball comes a chance to get organized for the rest of the year ahead. Many people turn to spring-cleaning or gardening, which is a great ...

What Is a Good Amount for an Emergency Fund?

Emergencies happen to everyone, regardless of whether you have a steady income or are struggling to manage your finances. Unexpected expenses can throw your life into turmoil — and if you don’t have the money to resolve the ...

What is Escrow?

If you have ever shopped for a house, you have heard of the term “escrow” or the phrase “in escrow.” It’s usually used regarding real estate, but it is also applicable to other large purchases, especially when you want ...

Trade Schools vs. Colleges

The financial toll of higher education is an increasingly daunting thing to consider, but investing in education is a smart decision that can lead to a more fulfilling life, career and earnings. Getting an education after high ...

When to Crack into Your Retirement Savings Early

While it’s usually best to avoid withdrawing from your retirement funds early, there are a few special situations when it can be advantageous to do so. Discover which scenarios might legitimize this transaction and learn how ...

When You Need a Co-Signer

If it’s your first time buying a car, it is likely that you won’t have enough funds to pay for it in cash. If you are a young driver, you likely also won’t have the necessary credit history to support a financial institution’s ...