ARM FAQs

At Colonial, we know there is no “one-size fits all” approach when it comes to obtaining a mortgage. Colonial offers a number of mortgage options to homebuyers that align with their current home loan needs. Whether you are ...

Low Down Payment Loan Basics With Colonial

One of the biggest challenges potential homebuyers face when they are looking to buy a home is saving for the down payment. It can be challenging to save money for a home when you have rent, cell phone and other bills each month, ...
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Reasons Parents are Considering “Campus Cribs” for Their College Student

Whether attending their first year of college or their final semester before they receive their Master’s degree, school is back in session for most university students. It’s an exciting time as lecture halls teem with eager ...

Check Out Our New Online Application!

A better way to apply for a mortgage is here with Colonial’s new, state-of-the-art online application – powered by Roostify. Our new online application allows customers the ability to apply for a home loan from anywhere with ...
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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 ...
Maybe the home you are considering has the space you need but just needs a few upgrades to be the ideal home for you and your family. Fortunately, Colonial offers a program that allows homebuyers to immediately improve a property upon purchase with our Purchase Plus Improvement Loan.

Make Upgrades to Your New Home with Colonial’s Purchase Plus Loan

When searching for the ideal home, there are a few things that can make or break your decision to submit an offer. If hosting barbeques for family and friends is important, you’re going to want to find a home that has the backyard ...
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 ...