Brother and sister with beach ball running on driveway

Benefits of Owning a Vacation or Investment Property

If you are considering purchasing a vacation home for your friends and family to enjoy, or an investment property for potential income, we’re here to help. At Colonial, we offer vacation and investment property financing at ...
Allow this guide to help you understand what escrow is and the ways in which it comes into play during a home buying transaction.

What is Escrow and How Does it Work?

If you are in the process of buying a home, you will probably hear the term “escrow” multiple times throughout the transaction—both before and after the real estate settlement itself. But since the term is used to describe ...
While the housing market has slowly increased in value overall, there are still many undervalued areas. As a homebuyer, there are several ways you can take advantage of these undervalued housing markets.

Undervalued Housing Markets and How You Can Take Advantage

While the housing market has slowly increased in value overall, there are still many undervalued areas. As a homebuyer, there are several ways you can take advantage of these undervalued housing markets. To understand the potential ...
Colonial has been an expert on “kiddie condos” for years, and has been featured in the Wall Street Journal, ABC News and various other news sites. Below, we’ll look at some of the benefits of buying a home for your college student.

Campus Cribs: Buying a Home for Your College Student

A child going off to college is a huge milestone. Not just for the student, but for the parents as well. It’s a time of excitement mixed with a bit of nervousness and uncertainty about what lies ahead. One thing that shouldn’t ...
Although you can’t simply choose whatever interest you prefer—after all, everyone would just choose 0 percent—you can still choose the term, or length, of your loan, which can have a big impact on the interest rate.

How Do Loan Terms Impact Your Interest Rate?

Taking out a loan for a car or a home is a big process that involves many important choices. Although you can’t simply choose whatever interest you prefer—after all, everyone would just choose 0 percent—you can still choose ...
Colonial offers a number of mortgage solutions, like low down payment or construction loans. An additional loan type homebuyers should consider is an adjustable rate mortgage.

Adjustable Rate Mortgages Basics

If you are currently looking to buy a home, chances are there are a number of amenities you are considering. You may prefer an open concept floorplan, or a large backyard to entertain guests. Maybe you’re in need of an extra-large ...
Word on the homebuyers’ street is that you need to put 20 percent down in order to be approved for a mortgage. Nowadays, however, that is not always the case.

Deciding on the Ideal Down Payment for Your Home

Word on the homebuyers’ street is that you need to put 20 percent down in order to be approved for a mortgage. Nowadays, however, that is not always the case. There are instances in which your down payment can be much less than ...
Learn about a few basic money-saving home features as well as Colonial’s Single Close Loan that will help save you time, money and effort when securing your home financing.

Money Saving Options When Building a Home

If you are considering building a custom home, you’ve probably realized there are hundreds of different features to choose from. Building materials, light fixtures, flooring, cabinets, appliances; the list goes on and on. One ...

Are You Eligible for a VA Home Loan?

Many military service people and Veterans are eligible for benefits through the Veterans Administration including special home loan options.  However, certain parameters are required by the VA including suitable credit, sufficient ...
For many Veterans and their families, the dream of homeownership may not be as difficult as they think. We’ve answered some of the most frequently asked questions about VA Loans.

VA Home Loans

In 1944, the GI Bill of Rights was passed to provide veterans with federally guaranteed home, farm, and business loans with no down payment. The Bill quickly transformed the economy and society to help billions of veterans achieve ...