Home Equity Line of Credit vs. Home Equity Loan

If you’re in need of funds for home repairs, renovations, or paying down high-interest debt, you may have considered a home equity loan or a home equity line of credit. While both of these financial options allow you to borrow ...

What Is a Good Amount for an Emergency Fund?

Emergencies happen to everyone, regardless of whether you have a steady income or are struggling to manage your finances. Unexpected expenses can throw your life into turmoil — and if you don’t have the money to resolve the ...

Colonial Savings, F.A. Named Fannie Mae 2021 STAR™ Performer in General Servicing and Solution Delivery

Colonial Savings, F.A. has again been named a Fannie Mae Servicer Total Achievement and Rewards™ (STAR™) Performer in General Servicing and Solution Delivery for 2021. The STAR Program recognizes those who have demonstrated ...

The Pros and Cons of Downsizing When You Retire

Many retirees are faced with the question of whether or not to downsize their homes. Before deciding to downsize, it’s important to consider the many positives and negatives that come with this lifestyle change. Saving on money Smaller ...

5 Questions to Ask Your Mortgage Broker

Investing in a home is a major milestone, and the bigger the milestone, the more complicated the process. That’s why you need a thorough list of questions to ask your mortgage broker before you agree to any loan. Learn all your ...

How Marriage Affects Debt

Finding the person you want to spend the rest of your life with is a wondrous feeling, but that head-over-heels elation can distract you from the important questions you need to ask yourself when deciding whether to marry that ...
Colonial - Encompass - Ice Mortgage Technology

Colonial National Mortgage Launches Encompass® By ICE Mortgage Technology

Colonial National Mortgage, a division of Colonial Savings F.A., has launched Encompass® by ICE Mortgage Technology, a suite of comprehensive mortgage production solutions designed to enhance the borrower experience and streamline ...

Home Down Payments and Alternatives

Among the most challenging hurdles to overcome on your path to home ownership is the down payment. Unless you are in a great position of financial advantage, coming up with a large sum of liquid capital at one time is a difficult ...

Should You Become a Landlord?

When you’re looking for places to invest your cash, buying a rental property might seem like an ideal investment. Money that comes in from rent payments is called passive income according to Investopedia because you aren’t ...

What to Do if You Regret Co-signing on a Loan

If you have a loved one who at some point found themselves in dire financial straits, you may have taken the plunge and co-signed on a loan or credit card to give them a much-needed boost. You’re now feeling the all-too-common ...