If you are on the fence, the answers to the following questions can help you decide whether refinancing is a chance worth taking.

Three Questions to Ask before You Refinance Your Home

For many homeowners, there will come a time where the question is raised of whether it would be prudent to consider refinancing your mortgage. The benefits of refinancing can be great, particularly if you want to use potential ...
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 ...
Buying a home is typically the largest purchase that many Americans will make in their lifetimes—and most won’t own their home outright for 15 to 30 years, depending on their mortgage term.

What is a Home Equity Loan?

Buying a home is typically the largest purchase that many Americans will make in their lifetimes—and most won’t own their home outright for 15 to 30 years, depending on their mortgage term. As you pay off your mortgage month ...

Five Ways to Use a Cash Out Refinance

Are you looking for a way to finance home renovations, pay down high-interest credit cards or finally purchase that something special you’ve had your eye on? A cash-out refinance or home equity loan may be exactly what you’re ...
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 ...
Before taking the leap, learn more about what it means to refinance your loan and whether or not it’s right for you.

Should You Refinance Your Home?

If you are a homeowner, chances are you’ve received emails or physical mail advising you to refinance your mortgage, but many Americans don’t understand exactly what this process entails. Before taking the leap, learn more ...
For homeowners, refinancing your mortgage can lead to saving thousands of dollars over time. Below we have five reasons to refinance your mortgage with Colonial.

5 Reasons to Refinance Your Mortgage

With the New Year approaching, it’s common to find yourself looking forward to the year ahead. We set goals for the coming year, like losing a few extra pounds or adopting a new hobby. It can be a perfect time to evaluate our ...
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 ...
HARP is set to expire at the end of this year, with the final day to apply being Saturday, December 31, 2016, so there is still time to take advantage of the program.

HARP – There’s Still Time to Apply

Have you heard of the Home Affordable Refinance Program (HARP)? Since 2009, HARP has helped more than 3.3 million U.S. Households to refinance, and has saved homeowners billions of dollars of mortgage payments, according to The ...
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 ...