Great news for Home Buyers in 2007..  Congress pass new legislation that will allow home buyers to write off the Private Mortgage Insurance (PMI)

Borrowers closing loans to purchase homes in 2007 who have annual household incomes of $100, 000 or less will be able to get a low down payment mortgage and deduct the full cost of their mortgage insurance premiums on their federal tax return.

At this time the law will only apply in 2007.  It is not yet known if it will extend beyond the 2007 tax year.  Although there are many other loan programs that don’t require PMI, those that select the low down payment with PMI loans and meet the financial requirements will benefit when purchasing a home in 2007. 

There were quite a few other benefits that were included in the tax package… read the full details at Market Watch.

–Roxanne 

Update for 2007 New Year’s Eve: First Night 2008

As we move into 2007, Mt. Holly is celebrating it’s eighth annual "First Night".  A wide variety of entertainment will be provided including street performers, fireworks, a film festival, music from around the world, and even a tribute to the Chinese horoscope’s "Year of the Pig" by having multiple artistic interpretations of the pig on display.

The Schedule of Events and Locations:

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Our star performers are not dancers or SEO (search engine optimization) experts….  This is an example of what happens when a handful of real estate agents get together on a forum, left to their own devices, to try to figure out the wicked ways of the world wide web, search engines and their real estate blogs. 

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South Jersey has many historical landmarks throughout the area. The following list of web sites that will give both the South Jersey native and tourist alike, plenty of places to go and things to see.

• New Jersey Historical Society
• Burlington County Historical Society
• Camden County Historical Society
• Gloucester County Historical Society

Along with the places available to tour provided within each of the historical society’s websites, there are other sites that keep a registery of historical places. 

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