How to Budget for Your First Home

Homeownership is an exciting achievement, but it’s also a huge responsibility. Entering into home-ownership when you’re ready is more important than doing so right away. Starting off on the right foot can positively impact ...

What to Know Before Buying an Old Home

Old homes can be attractive to buyers because they often boast lower selling prices than new homes, offer unique character not found in new builds, and give buyers a chance to restore something to its former glory or make it all ...

New House vs. Home Improvements

Sometimes it’s hard not to be tempted by the greener grass of a new home, especially if your home isn’t exactly how you want it to look or function. But the idea of putting your house on the market and leaving your beloved ...

Planning for a Home Down Payment

Buying a home is a milestone worth celebrating, but it takes planning and preparation before signing the closing documents to ensure the purchase doesn’t become more of a burden than a blessing. Proper planning involves determining ...

Colonial’s Homebuyer Education Webinar – June 29

As Colonial continues to bring added value to the communities we serve through donations, volunteerism, education and community outreach, we are excited to announce that we are hosting a free, no-obligation Homebuyer Education ...

Real Estate Trends You Need to Know

The real estate market is an ever-evolving entity subject to buyers’ wants, sellers’ needs and the state of the economy. These influences can make selling or buying a home exceptionally complicated. That is why you need some ...

What is Private Mortgage Insurance?

One of the biggest hurdles potential homebuyers face is saving enough for the down payment and closing costs associated with buying a home. One misconception out there is the thought that you need at least 20 percent down to purchase ...

National Homeownership Month – 2020

June marks National Homeownership Month – a month dedicated to celebrating and promoting the benefits homeownership brings to individuals and families across the country. Colonial has been proudly offering a wide variety of ...

What is Escrow?

If you have ever shopped for a house, you have heard of the term “escrow” or the phrase “in escrow.” It’s usually used regarding real estate, but it is also applicable to other large purchases, especially when you want ...

When to Crack into Your Retirement Savings Early

While it’s usually best to avoid withdrawing from your retirement funds early, there are a few special situations when it can be advantageous to do so. Discover which scenarios might legitimize this transaction and learn how ...