Michael Adams

Events near Somerset 08873

Dairy Day 03/28/2009 - 03/28/2009

103 College Farm Road

North Brunswick, NJ 08902

www.agriculturemuseum.org (732) 249-2077

Morning Rhymes for Toddlers 03/27/2009 at 10.30am & 11:30am

Public Library - 485 DeMott Lane, Somerset, NJ 08873

Babies and toddlers develop oral language skills and have some fun as they take part in this active nursery rhyme program with their parents or grandparents. No registration is necessary.

Guitar Hero - Teens (grades 7-12) 03/29/2009 at 1.30pm

Public Library - 485 DeMott Lane, Somerset, NJ 08873

Teens - Bring your friends and play Guitar Hero on the big screen! Snacks will be provided. Meets in the Community Room.

Century 21 Moretti Realty and Century 21 Our Town Realty join forces

Earlier today the Century 21 offices of Moretti Realty and Our Town Realty joined forces for the purpose of expansion. The new entity will be known as Century 21 Moretti Realty with office locations at 225 Maple Ave, South Plainfield and 852 Easton Ave, Somerset, New Jersey.

With combined sales of $135 million and 75 sales associates, the company will be among the top Century 21 companies in the State of New Jersey. Century 21 Moretti will be servicing Middlesex, Somerset, Hunterdon, Union, Mercer and Monmouth counties. Toni Moretti, co-owner, said "The cultures of both companies compliment one another while our combined strenghts offer our customers more marketing resources."

I couldn't agree more with Toni Moretti. Building upon the strenghts of these two well established and respected companies will only serve to benefit our customers and clients. I am excited by this announcement and by the new opportunities it will bring me to provide greater services to you.

This tweet says it all

I came across this older "tweet" from an Ohio home inspector who was attempting to sell his home on his own without without success. Need I say more?

You can follow me at: http://www.twitter.com/somerset08873

Is it time to refinance?

Literally, time will tell. Possibly as early as tomorrow mortgage rates may reflect the Federal Reserve's stunning plan to buy up to $300 billion of long-term government bonds and $750 billion in additional mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac. The national average rate on 30-year, fixed mortgages was 5.15% on Wednesday, according to financial publisher HSH Associates, up slightly from a day earlier. Rates could drop up to .50%.

Here are two ways refinance may benefit you:

As homeowner #1 - A long time home owner with a mortgage balance of $87,800 might save more than $26,800 in interest charges over the life of the loan by refinancing from 5.75% to 4.75% and reducing the loan from 30 years to 20 years. In this scenario, the monthly payment would actually increase approximately $7.40 a month while paying 2 points at closing. You would need to stay in your current home for at least 24 months in order to yield savings. That's how long it will take for the monthly interest savings to offset the closing costs attributable to refinancing.

As homeowner #2 - Using the same basis numbers of a remaining $87,800 balance with a rate reduction of 5.75% to 4.75% and paying 2 points at closing but refinancing for 30 years the monthly savings would be approximately $102. However, you would pay an additional $1,885 (approx.) in interest charges over the life of the mortgage.

Consult your financial or mortgage advisor to see how refinancing may benefit you. Compare current refinancing rates with the HSH Showcase of Lenders

With Spring just days away, homeowners may begin thinking of home improvements. if you are thing of refinancing to extract home equity to improve your home's energy efficiency you might be eligible for up to a 30% tax credit. For more information, visit EnergyStar.gov

Save the Homeowners tax deduction

Governor Jon Corzine, to a joint session of the New Jersey Legislature, announced plans to eliminate the ability for all non-senior households, regardless of income, to deduct property taxes from their state tax filings.

At a time when the global economic crisis weighs heavy on the minds of Garden State residents, this proposal is counterproductive and will hinder recovery efforts. The loss of the deduction will make it even more difficult for families struggling to afford to stay in their homes.

This is impotant for homeowners and future homeowners, alike. Please join with me and let our state representatives know that this ill conceived plan is unacceptable.

To learn more about this issue now, Click here to take action. Please share this posting with neighbors, family, friends and co-workers. As the leading advocate for homeowners and the real estate industry in the state, the New Jersey Association of REALTORS (NJAR) is adamantly opposed to this proposal.