Applying for Loans Online

In the information age, you can do everything from ordering groceries to pursuing a college degree from an accredited university online. Your money has moved online too, thanks to your financial institution’s secure websites ...

6 Ways to Improve Your Credit Score

Credit scores are a sensitive topic for many people. The National Foundation for Credit Counseling performed a survey which indicated that more people would be more embarrassed to admit their credit scores than their weight (30 ...

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 ...
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 ...