Pros and Cons of Having an Emergency Fund

Having an emergency fund may seem on the surface to be a common-sense proposition. Money set aside specifically for the purposes of having it in the event of an emergency acts can be a valuable buffer between yourself and financial ...

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 ...

FHA Loans 101

Purchasing your first home can be a daunting task. There are quite a few different ways of funding this major life expense, and navigating those options can be confusing. If you’re in the market for a new home but have limited ...

How Car Insurance Varies by Location

Many factors go into determining your car insurance rate. Your driving record, driving behavior and the make and model of your vehicle can all play very large roles in the annual cost of your coverage. However, one factor that ...

Different Types of Student Loans

According to Zack Friedman of Forbes, the average college student will graduate with $40,000 in student loan debt. As such, it is important for undergraduates and graduates to select the student loan that best suits their needs ...

Looking for Down Payment Assistance? Colonial Can Help!

Buying a home can be one of the most exciting and rewarding times in a person’s life. Pride of ownership, the ability to make updates to the property and the benefit of building equity are just a few of the many benefits of ...

Should You Pay Down Debt or Save?

What’s makes better financial sense — saving or paying down debt first? Deciding whether to tackle retirement planning or debt reduction first is a difficult choice. Both are daunting prospects and both carry serious weight. ...
Paying off debt can be trickier than it sounds. Many people have a mix of debt that ranges from student loans and credit cards to auto loans and mortgages.

Prioritizing Loan Repayment

Paying off debt can be trickier than it sounds. Many people have a mix of debt that ranges from student loans and credit cards to auto loans and mortgages. In the long term, it pays off to know where to start and what loans you ...
As with any type of loan, your income and credit history will be major determinants of whether you are approved for an auto loan application.

Do You Need a Co-signer for Your Auto Loan?

As with any type of loan, your income and credit history will be major determinants of whether you are approved for an auto loan application. If you’ve been denied for an auto loan, you may want to consider using a co-signer. Understanding ...
Much like counting calories, keeping track of your spending is one of those things that no one quite enjoys doing, but that can vastly improve one’s quality of life.

3 Ways to Save on Monthly Expenses

Much like counting calories, keeping track of your spending is one of those things that no one quite enjoys doing, but that can vastly improve one’s quality of life. Reducing your monthly expenses is a great way to consistently ...