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 ...
Real estate can make a great investment, but in order to be successful and to achieve your long- and short-term goals, it is necessary to treat it like any other business. This means that you need a solid business plan before you even begin looking at properties.

Why Real Estate Investors Need a Business Plan 

Real estate can make a great investment, but in order to be successful and to achieve your long- and short-term goals, it is necessary to treat it like any other business. This means that you need a solid business plan before ...
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 ...

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 ...
Don’t let a dated kitchen or a backyard that lacks personality sway you from owning your perfect home. Colonial’s Purchase Plus Loan allows customers to combine the financing for your new home with the financing needed to renovate the property.

Purchase + Improvement Loans

Shopping for a new home is an exciting time. Driving up to a home that you may soon call your own can be exhilarating. But what if you found a home that checks off just about everything on your list, but is just a few small renovations ...
In recent years, mistrust of the housing market and difficulty finding secure employment caused many young families and new college graduates to delay purchasing a first home.

Keep Young Buyers in Mind When Selling Your Home

In recent years, mistrust of the housing market and difficulty finding secure employment caused many young families and new college graduates to delay purchasing a first home. Now that the economy is recovering and the housing ...
When shopping for the best mortgage, knowing the facts will help consumers obtain the right deal for their particular situation.

Fixed-Rate Versus Adjustable-Rate Mortgages

When shopping for the best mortgage, knowing the facts will help consumers obtain the right deal for their particular situation. A great place to start is by gaining an understanding of the differences between a fixed-rate and ...