
The Importance of Flood Insurance
You already have the basic insurance coverages on your home, including dwelling and contents. Now, it’s up to you to decide what other coverages you should add to your policy. Should you opt for earthquake protection? Sewer ...

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 ...

How Much Should You Spend on Housing?
When you’re laying out your budget, housing money is probably a pretty big chunk. After all, shelter is one of the most basic human needs. Before you sign up for a new lease or mortgage, make sure that the monthly payments won’t ...

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 ...
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