Mortgage and Lending with 1st Colonial Community Bank NMLS #149277
Owning vs. Renting Advantages of Homeownership
EQUITY - You can`t build equity in an apartment or rental property. ~ In your own home you CAN.
TAX DEDUCTION - Your rent payment is not tax deductible. ~ The interest portion of your mortgage
payment could be tax deductible.*
FIXED PAYMENT - Your rent almost always increases when your
lease is renewed. ~ With a fixed-rate mortgage, the principal & interest payments never go up.
PRIVACY -
Your apartment, shares the walls, ceiling and/or floor. ~ In a single family home, you have privacy.
PRIDE - An apartment can feel only like a place to stay. ~ Owning your own home gives you pride of ownership.
Equal Housing Lender. Information is subject to change without
notice. This is not an offer for extension of credit or a
commitment to lend.
*Consult your tax advisor.
Aurora Financial Group, South Jersey's largest independent mortgage banker. More than 20,000 area consumers have received over $2.1 billion from Aurora over the past two decades. We offer a wide variety of mortgage products, including specialized programs targeted for first-time homebuyers and retirees/seniors.
Since it's founding, Aurora has been at the forefront of innovative and addordable residential financing. Some of Aurora's notable achievements are:
•Largest originator in southern NJ of government backed loans (FHA, VA, RHS), 1986 to present
•Largest participant in NJ Housing & Mortgage Finance Agency (NJHMFA) programs, 1990 to present
•Largest originator or Rural Housing Service guaranteed rural housing loans, 1992 to present
•A leading providor of renovation and rehab loans using Fannie Mae's "Home-Style", FHA 203k, and NJHMFA's mixed use "upstairs-downstown" and home remodeling "HomePlus" programs
•Seller-Servicer for Fannie Mae, NJHMFA, and numerous banks, pensions funds, and private investors.
"Aurora Financial Group Inc. (NMLS # 7096) is a licensed Mortgage Banker - States of NJ & PA Departments of Banking."
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