Page 64 The Dispatch/Maryland Coast Dispatch AN ADVISOR WHO HELPS YOU PLAN FOR September 13, 2013 THE FUTURE. YOURS. YOUR KIDS. THEIR KIDS. With our innovative trust solutions, a Merrill Lynch Financial Advisor can help you protect your assets now - and leave a legacy for the future. Contact a Merrill Lynch Financial Advisor for more information. Christine M. Selzer, CFP® Vice President Wealth Management Advisor Brian L. Selzer, CRPC®, CSNA® Senior Financial Advisor Melanie S. Konoski Client Associate Merrill Lynch 11724 Ocean Gateway Ocean City, MD 21842 (410) 213-8521 http://fa.ml.com/brian_selzer Business And Real Estate News Apple Offers New Flu Clinics For Businesses FRUITLAND – Local businesses have the opportunity to provide convenience to their employees by scheduling an on-site flu shot clinic with Apple Discount Drugs. Apple is prepared to bring flu shots to local businesses to help keep employees healthy and prevent them from getting sick and having to miss time on the job. “We understand people are very busy between work, family and all the other curve balls life throws their way,” said Apple Discount Drugs President Jeff Sherr. “We want to make it easier for people to stay healthy. By offering flu shots to people while they are already at work, you are providing them with the convenience of not having to worry about scheduling time off to get their annual flu shot. It is our hope that more people will take advantage of this opportunity to stay healthy inside and outside of work.” For more information on how to schedule a flu clinic at your place of business, call Dean at 410-7297524 or email him at Dean@appledrugs.com. Apple will vaccinate anyone 18 years of age or older. First Home Mortgage Branch Sales Manager Ned Delaney reports the rate remains attractive to buyers. “The fixed rate is still very good right now,” said Delaney. “When you consider the retired population now looking to buy second homes paid 17% on their first home, three (3), four (4) and five (5) percent is not bad at all.” Sun Trust Mortgage, Inc. Branch Manager and Vice President Jamie Wetzelberger said, “The big climb took place late summer and has since leveled off a bit. As rates are expected to rise again as the market recovers, people should know they can still get in on a five-year fixed rate adjustable mortgage to get the lower rate to qualify to buy. After five years the rate is adjusted but at least they don’t have to put off buying because they can’t qualify under a higher rate.” For example, the 30-year fixed previously mentioned sits at 4.51% and two months ago was at 3.6%. If a buyer needed the 3.6% rate to qualify to buy, they can still get that rate under a five-year fixed rate adjustable mortgage. Some experts say people are still skeptical about using adjustable-rate mortgages because they don’t want people in over their heads when the rate is adjusted. “There are underwriting guidelines (index plus the margin) that prevent this from happening,” said Delaney. “So people will end up qualifying at a higher rate than what the actual rate is so they don’t find themselves not being able to afford their home in five years.” Wetzelberger added, “You also have to consider how increased rates can benefit the homeowner. When the time comes, you have more interest to write off on your tax return.” THE POWER OF THE RIGHT ADVISOR. TM Merrill Lynch Wealth Management available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”), a registered broker-dealer and member SIPC, and other subsidiaries of Bank of America Corporation (“BAC”). Trust and fiduciary services are provided by Merrill Lynch Trust Company, a division of Bank of America, N.A., member FDIC, a wholly owned subsidiary of BAC. Are Not Bank Guaranteed May Lose Value Are Not FDIC Insured MLPF&S and Bank of America, N.A., make available investment products sponsored, managed, distributed or provided by companies that are affiliates of BAC or in which BAC has a substantial economic interest including BofATM Global Capital Management. © 2011 Bank of America Corporation. All rights reserved. 239008 AR82D2K2-06-11 Code 444405PM-0711 RACETRACK AUTO SALES We Buy Like-New And Used Cars, Trucks, Trailers Mortgage Rate Rise’s Impact On Market BERLIN – Home sales are making a comeback. With existing home sales making the strongest showing since 2009, now is the time to act for home buyers and refinancers looking to cash in on what are still historically low rates. Many industry experts expect rates to continue to rise through the end of the year. The average rate on a 30-year fixed loan has gone up over the last few weeks by 0.18%, according to a survey conducted by mortgage buyer Freddie Mac. The rate sits at its highest level since July 2011. The 30-year fixed previously hit a twoyear high of 4.51 percent in July and has now increased by more than a full percentage point since May of this year. A year ago the 30-year fixed was trending at 3.68 percent. “Nationally the real estate market has recovered to the level it was in 2010 when the $8,000 tax credit went into effect,” said Sheila Dodson, CAR Executive Director. “Housing inventory is at a 50-year low and when there is a shortage of inventory, the first reaction to this is a rise in mortgage rates. Right now we have what is called a home gap. Even though inventory is low, we are not seeing new homes being built because it has been a challenge for contractors to get credit from the banks and regulations have become more stringent. Some sellers have not returned to the market because of the concern about foreclosures bringing prices down which has also added to the shortage in inventory.” WE PAY CASH! (410) 641-4600 ✘✿✿✸❙¤✘❙❍¤✚❀❙❙✼✸¤✛❊❅✼’ Home Of The Heavyweights Philly-Style Cheesesteaks & Hoagies Delivery Available OPEN MONDAY THRU SATURDAY, 7 A.M.-8 P.M. Developer Selects Team OCEAN CITY – Mark Fritschle of The Mark Fritschle Group – Condominium Realty, LTD has announced that Kevin Decker and the company have been selected by D. W. Burt, the developer of Eleven 11 Edgewater Condominium, to be the exclusive sales and marketing team. D.W. Burt from Salisbury indicated the KEVIN DECKER selection of Decker and the Fritschle Group was because of their experience and expertise in marketing new construction. Sales models at the development will be staffed with an experienced team of real estate professionals who will be at the models from 10 a.m. to 4 p.m. daily to help the public and the real estate community as they visit the newly constructed waterfront, 16-unit, three-bedroom, 2 1/2-bath condominium building located at 11th Street along Edgewater Avenue. SEE NEXT PAGE 410-742-0094 106 TRUITT ST. SALISBURY, MD. 21804 Free Fries ($2 VALUE) WITH PURCHASE OF REGULAR-PRICED SUB MUST PRESENT COUPON • MCD