Should You Refinance Your Loan?

In some ways, refinancing your current loan for a new loan can feel like trading apples for slightly different apples. You still have a monthly payment and long-term financial responsibilities, but refinancing has the potential ...

Should You Get a Construction Loan or a Home Equity Line of Credit?

It’s always been your dream not to simply buy a home for retirement, but to build one from the ground up that is perfectly suited to your vision for how you want to spend your twilight years. To achieve this dream, two of the ...

What to Know About VA Loans

Made available through a collaboration between the federal government and private lenders, VA loans are financial tools developed to encourage homeownership among U.S. military service members. Here’s a look at how these loans ...

Buying vs. Leasing Your Equipment

Whether you’re starting up an accounting firm, a family-owned restaurant or a farm, you’re going to need equipment to get your business up and running. This will be one of the more significant financial decisions in a process ...

Should You Add Car Accessories to Your Loan?

Buying a new or used car can be one of the most stressful transactions of your life. As difficult as it might be to narrow find the car that’s right for you, haggling for a good price with a salesman who is trying to get as ...

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 ...

What to Know About Student Loan Forgiveness

Student loans can prove to be a heavy burden once a student enters the workforce. Forbes contributor Zack Friedman points out that student debt ranks higher than even credit card debt. Luckily for some former students, forgiveness ...

Do You Need to be Preapproved for a Car Loan?

Whether you’re buying a new vehicle out of need or simply because you feel you are due for an upgrade, making a purchase that large usually means you will be paying with a loan. If you arrive at the negotiating table preapproved, ...