Tips for Estate Planning

When it comes to the topic of estates, Stephen White, regional leader of wealth planning for BMO Wealth Management, sums up the importance of having a plan. “Spending a little time to get all your affairs in order is one of ...

More Money, Fewer Problems with a Cash-Out Refinance with Colonial

Is it time you finally remodeled your outdated kitchen or updated your master bathroom? Have you gotten a little behind on your credit card bills or do you have a child attending college in the fall? If you own your home and are ...

Know the Differences between Simple and Compound Interest

When borrowing money, odds are you’ll be paying interest on that loan. It pays to know the differences between simple and compound interest and how these can be advantageous or disadvantageous for you in various situations, ...

Introducing: Colonial’s Spanish Language Home Loan Portal

Colonial is proud and excited to introduce our new, Spanish language home loan portal. The Spanish Language Home Loan Portal continues the theme that GoColonial.com set forth when it was launched in April 2016 – education and ...

When to Consider a Second Mortgage

As your largest asset, your home carries a lot of weight in terms of your current financial health and your future financial goals. Using your home as collateral, you can acquire a second mortgage to rectify money troubles or ...

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 ...