Should You Buy a Foreclosed Home?

Many home buyers look at foreclosed homes as potentially great deals. However, the reality is that buying a foreclosed house can come with downsides that outweigh the initial advantages. The following are some of the factors to ...

One-Time Close Construction Loans vs. Multiple Loans

In many cases, home improvement is better than moving to another house. Building a larger garage, expanding a wing of your home or erecting an additional bathroom could be a much easier and more cost-effective way of adjusting ...

RefiNow With Colonial

Colonial is excited to offer Fannie Mae’s RefiNow™. RefiNow is an affordable refinancing option aimed at making it easier and less expensive for qualifying homeowners to reduce their monthly housing costs by taking advantage ...

Picking A Representative Payee

Handing over the rights to your Social Security or Supplemental Security Income benefits isn’t easy to do. But, just like millions of people, you may need help handling your monthly bills and health expenses, especially if your ...

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 ...

Which Debt Should You Pay Off First?

Between credit cards, student loans, car loans and mortgages, you’re probably carrying some debt. On the surface, managing your debt can seem relatively easy — just make minimum payments. However, if you’d like to pay down ...

Colonial Savings, F.A. Named Fannie Mae 2020 STAR™ Performer in General Servicing

Colonial Savings, F.A. has again been named a Fannie Mae Servicer Total Achievement and Rewards™ (STAR™) Performer in General Servicing for 2020. The STAR Program recognizes those who have demonstrated best practices ...

Upgrading Your Backyard With Help From Colonial

If you are wanting to upgrade your backyard, you might be a bit hesitant about where to begin. Trust me, you aren’t alone. There is nothing worse than beginning a home project only to realize you don’t have the time or the ...

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 Collateral and Why Is It Important

The fundamental difference between a secured and unsecured loan is the collateral requirement. But what is collateral? Why is it important? And what is a lien? You’ll learn all about it below. Definition of collateral Collateral ...