Issue 03
CURRENT LISTINGS,
RECIPES, HOME TIPS AND MORE!
The Payne Team RE Direct: (410) 936-0055 Office: (410) 543-4545 ThePayneTeamRE.com
INSIDE THE DECEMBER ISSUE
Interested in having your ad here? Call us today (410) 936-0055 (410) 543-4545
WE SPECIALIZE IN Poultry Farms Single Family Homes Unimproved Land Commercial Properties & More! 1
Here for ALL Your Real Estate Needs!
The Payne Team understands that your real estate needs are among the largest financial decisions you will make in your life. We take that responsibility to heart going the extra mile to ensure a smooth transaction. The Payne Team prides themselves with providing top notch real estate representation for our clients. We are local real estate experts specializing in residential, commercial, farms, and unimproved land. Having come together as a team in 2021 it didn't take long for The Payne Team to have an impact on the local real estate community. We have been constantly a Top 20 Performer in the Mid-Atlantic region for Coldwell Banker. The Payne Team was, also, a Finalist in Coastal Style magazine as the Best Real Estate Team in Wicomico County.
MEET THE TEAM
Rob Payne Team Lead-REALTOR
Angela Payne REALTOR
Rachael Fritts Marketing Mgr/Admin
Ryan Basch REALTOR
Aaron Bergeron REALTOR
Trey Shaw REALTOR
Coldwell Banker Realty 1131 S Salisbury Blvd Ste B Salisbury, MD 21801 Direct: (410) 936-0055 Office: (410) 543-4545
Behind the Scenes
Shawn Hunt LOAN OFFICER-THE HUNT TEAM
Rachael Fritts DESIGNER AND EDITOR
SVP, Area Manager NMLS ID# 1098459 M: (443) 783-0910
Rachael graduated from Regent University with a Degree in Business Marketing in 2021. She has been with The Payne Team as a Marketing Manager since 2019.
shunt@cmghomeloans.com www.HuntTeamMortgage.com CMG Home Loans | NMLS ID# 1820
Ryan Basch REALTOR & MARKET ANALYST Ryan holds a degree in Mechanical Engineering from the University of Delaware. He transitioned to real estate in 2021 to join the family business after 17 years in various technical and business leadership roles with multi-national companies.
Fulfilling the Dream of Home Since 1906 For over a century, home has been our purpose. It defines us and everyone in our network. Our mission will never waver to deliver the treasure of home ethically and honestly. About The Coldwell Banker Brand
Coldwell Banker Realty - Salisbury 1131 S Salisbury Blvd Ste B Salisbury, MD 21801 Direct: (410) 936-0055 Office: (410) 543-4545
MARKET INSIGHT
A REALTORS CHRISTMAS
FEATURED LISTINGS
YEAR IN REVIEW
CHRISTMAS KITCHEN DECOR
RECENTLY SOLD
FRENCH TOAST CASSEROLE
CMG HOME LOAN
CURRENT LISTINGS
CHRISTMAS TRADITIONS
TOP 10 CHRISTMAS
SNOW GLOBE SOAP
CHRISTMAS BUCKET LIST
CALENDAR
TRAVEL TIPS ON A BUDGET
PUZZLES
REVIEWS
CHORIZO & EGG WREATH
Are you a First-Time Home Buyer?
Scan the QR Code for our FREE First-Time Home Buyer guide ! Filled with everything you need to know
about the home buying process & how to get pre-approved!
MARKET INSIGHTS APPLYING DATA SCIENCE TO BETTER UNDERSTAND OUR LOCAL MARKET This month we are going to pivot our research and focus on the state of the inventory in our area. The total number of homes for sale has been increasing, but may not feel like it depending on where you are looking and what type of property you are looking for. Let's uncover what is happening as we take a closer look... All transaction data & data visualizations are based on information from Bright MLS for the peers 1/1/2018 to 11/10/2022 Unless otherwise noted, data includes "Active" listings from Wicomico, Worcester, Somerset, Dorchester and Sussex Counties. ACTIVE INVENTORY
INVENTORY
From mid-June to early November, the number of active homes for sale in the region has increased 22%. This is a significant amount, but for many the market does not "feel" like inventory is up. This is due to a couple of factors. First, if you caught last month's issue, you know that the median number of days on market continues to slowly increase. This means existing inventory is staying on the market longer. Second, where inventory is increasing matters. Inventory activity is very different accross the five counties. The breakdown below shows changes in active inventory since September.
Sussex and Worcester county inventory rose by 7.4% and 24.5%. On the other hand, inventory dropped across Wicomico (-4.3%), Dorchester (-3.8%) and Somerset (-15.9%) counties. The tightening in these three counties compounds the challenges already facing buyers.
A BIRD'S EYE VIEW OF WHERE THE INVENTORY IS
The map shows where inventory is concentrated. The size of the bubbles represents the number of homes for sale currently in that area. As you can see, most of the inventory is in the coastal market. Have a question about the market? Ask me! Email questions to: Ryan.Basch@thepayneteamre.com
WHAT IS THE PROFILE OF ACTIVE HOMES?
PRICING The average price on the market is $368,000, but varies widely by county/location. With the current interest rates pushing 7%, the $300,000 market is still quite hot. This chart helps explain why...
Only about 20% of the active inventory falls between $100,000 and $300,000. This means the largest group of buyers are still facing stiff competition for homes in a relatively narrow band of the market. And with interest rates squeezing affordability, buyers who may have been looking above $300,000 before are now being pushed down into that crowded segment, too.
20% of the properties for sale are condos or OWNERSHIP TYPE
land leases. This leaves just 80% of
market as Fee Simple homes which is what most home buyers are searching for.
Of course, the condos and land leases are primarily located in Eastern Sussex and Worcester counties. In Wicomico, Somerset and Dorchester, fee simple homes make up 95% of the inventory.
BED & BATH BREAKDOWN
50% of active homes for sale have 3 bedrooms. If you need 4 or more bedrooms, the inventory shrinks to about 35%. 3 OUT OF 4 HOMES HAVE 3 OR 4 BEDROOMS
90% of active homes for sale have at least 2 full bathrooms. 4 OUT OF 5 HOMES HAVE 2 OR 3 FULL BATHROOMS
FINAL THOUGHTS The market is ever evolving and 2022 has been a roller coaster! We have seen massive swings in interest rates and record home values while the number of homes sold is decreasing and inventory is constrained. Change is difficult for many people, but success comes to those that embrace the change and adapt to it. The ability to adapt is unlocked by understanding what is changing and why. One of my passions is to relentlessly study out local market and share those insights with you, so that you are equipped to successfully navigate one of the biggest financial decisions of your life-the purchase or sale of a home. Thank you for reading and I hope you have a blessed end of 2022...its been a wild one!
10704 ROLAND PARKS RD. DEAL ISLAND, MD. 21821 MLS#: MDSO2002572 - OFFERED AT $180,000
Looking for a place close to the water without breaking the bank. Look no further. Located less than a mile from the Deal Island Marina and the sandy public beach found there, this home fits the build. This 1768 SF home features 3 bedrooms and 2 baths. It has two large living spaces as well as a fully enclosed rear sitting area to give everyone room to stretch out. Sitting on .8 acres there is ample room for outdoor entertaining as well. There are 3 outbuildings to store all your toys and tools for your use. There is, also, a place at the end of Roland Parks Rd where you can launch your kayaks for backwater enjoyment. The septic has received a satisfactory grade from Blue Wave Environmental with support documentation.
Close to the beach!
Rob Payne Direct: (443) 783-0821 Email: Rob.Payne@cbmove.com
Scan the QR Code to view listing!
Christmas Kitchen Decor The kitchen is sometimes overlooked when it comes to seasonal decorating but don’t forget to give it some holiday love too! The kitchen is where everyone tends to gather so you want it to be warm and welcoming and filled with that amazing Christmas magic. A few little touches here and there can make a big difference without making the kitchen feel too overwhelming or cluttered. Here are some favorite Christmas kitchen decor ideas and tips for creating a pretty Chistmas kitchen….
BEVERAGE STATION
Create a little season beverage bar. If you don’t have a lot of counter room, Just put together a few of your favorite {and most used} items on a tray and hide the rest of the supplies in the cupboard above. It’s a cute little
display without making the counter look too cluttered.
Artwork is one of the easiest ways to add some seasonal cheer and it doesn’t take up a lot of space. ADD SOME ARTWORK
DRESS UP THE SINK
Always add a couple of simple Christmas touches to your sink area and this picture used a small pine tree, a flocked pine branch, and a sweet little gold reindeer.
While everyone wants to try and keep most kitchen decor useful, you can still have a fun Christmas vignette. Try using a corner of dead space. Use a couple mason jars to store your goods and decorate with a cute Christmas display CREATE A CUTE VIGNETTE
USE COOKIE JARS
There are so many cute Christmas cookie jars out there and their great for Christmas kitchen decor. Cookie jars can be used to store much more than cookies too. Use them for tea towels, kitchen scrubbers, tea bags or anything else you want to be out of sight but still have easy access to.
Ingredients
1 loaf French bread (450g) 8 large eggs 1 cup milk 1/2 cup maple syrup 2 teaspoons cinnamon 2 teaspoons vanilla extract
Cinnamon Sugar
2 tablespoons granulated sugar 1 teaspoon ground cinnamon
Glaze
1/4 cup powdered sugar 1 tablespoon milk
Recipe by: Ashley Fehr
Perfect for Christmas Morning!
PREP TIME TOTAL TIME
SERVINGS
10 MIN
55 MIN
6
French Toast Casserole is perfect for prepping the night before and popping in the oven for a weekend or holiday brunch! An overnight French toast bake with cinnamon, vanilla, maple and crispy cinnamon sugar topping.
Instructions
Lightly grease a 9"×9" pan. Cut or tear bread into 1" cubes and place in pan — it will be full and that's okay! In a medium bowl, whisk together eggs, milk, maple syrup, cinnamon and vanilla. Pour over bread in pan, doing your best to evenly distribute the mixture over the bread. Using a spatula, press the bread down into the liquid the best you can. Cinnamon Sugar: In a small bowl, combine sugar and cinnamon. Sprinkle over bread. Cover and refrigerate at least 2 hours or overnight. Cover (with foil or a lid) and bake at 350 degrees F for 40 minutes. Remove cover and bake another 15-20 minutes until set in the middle and top is slightly crispy. Glaze: Stir together powdered sugar and milk and drizzle over French toast or serve with syrup, fruit, whipped cream or yogurt as desired.
10704 Roland Parks Rd. Deal Island, MD. 21821 2 BD - 2 BA - 1,768 SF OFFERED AT $180,000
20669 Nanticoke Rd. Nanticoke, MD. 21840 OFFERED AT $355,000
28947 Ponderosa Ave #44340. Laurel, DE. 19956 3 BD - 2 BA - 1,129 SF OFFERED AT $65,000
20549 Nanticoke Rd. Nanticoke, MD. 21840 4 BD - 2 BA - 2,304 SF OFFERED AT $229,000
PAYNE TEAM REAL ESTATE THE
(410) 936-0055 (410) 543-4545
34556 Pitts Ave, Pittsville, MD. 21850 3 BD - 1 BA - 1,326 SF OFFERED AT $199,900
31262 Morris Leonard Rd. Parsonsburg, MD. 21849 3 BD - 2 BA - 2,304 SF 16.5 Acres OFFERED AT $625,000
1 Hammock Point. Crisfield, MD. 21817 OFFERED AT $68,000
0 Rockawalkin Ridge Rd. Salisbury, MD. 21801 OFFERED AT $61,900
Want to see your home here? Call us today for a FREE Market Analysis on your home!
Direct: (410) 936-0055
Office: (410) 543-4545
Top 10 Christmas
Christmas Cookies Gingerbread Snickerdoodles
Christmas Songs
1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
All I Want for Christmas is You Darlene Love-Christmas Wham!-Last Christmas White Christmas Rockin' Around the Christmas Tree Feliz Navidad Santa Claus is Coming to Town Blue Christmas Most Wonderful Time of the Year Have Yourself a Merry Little Christmas 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. It's a Wonderful Life A Christmas Story Miracle on 34th Street Home Alone Elf A Christmas Carol The Nightmare Before Christmas National Lampoon's Cristmas Vacation 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Christmas Movies The Santa Clause Arthur Christmas
Peanut Butter Sugar Cookies Chocolate Chip Oatmeal Brown Sugar Jam Thumbprint Peanut Butter Blossom Chocolate Crinkle Coconut Macaroons
Christmas Food Prime Rib Christmas Turkey Stuffing
1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
Cranberry Sauce Mashed Potatoes Christmas Cornbread Biscuits Sweet Potato Casserole Gingerbread Cookie Apple Pie
Christmas Bucket List Eat a Candy Cane
Decorate Christmas Cookies
Watch a Christmas Movie
Wear a Christmas Sweater
Sing Christmas Songs
Do a Random Act of Kindness
Make an Advent Calendar
Make Hot Chocolate
Write a Letter to Santa
Mail a Christmas Card
Make a Gingerbread House
Go Ice Skating
Build a Snowman
Wear Fun Christmas Socks
Make a Christmas Ornament
Wrap a Present
Look at Christmas Lights
Read a Christmas Book
Cut out Paper Snowflakes
Wear Christmas Pajamas
Wear a Santa Hat
Donate to a Food Drive
Have a Snowball Fight
Go Caroling
There’s no place like home for the holidays, as the old song says. But getting home sometimes costs serious money. With these budget travel tips, you can spend less on holiday travel—so you’ve got more in your wallet once you reach your destination.
Budget Travel Tips for the Holidays
1. Create a travel checklist. Our first budget travel tip is all about being prepared! It’s way easier to save money on your trip if you plan ahead by making a travel checklist. Write out everything you need to do, pack, buy, reserve—and everyone you need to coordinate with to make sure the trip runs smoothly and stays on budget. 2. Budget for all travel expenses. Use your travel checklist to see how much you need to spend on the trip (or trips). Then—this is so important—put these holiday expenses in the budget! This is how you go from having good intentions to being intentional with your money. 3. Adjust the budget. So, you’ve got all the holiday travel expenses in your budget now. Sadly, that extra money won’t just show up in your stocking, no matter how much care you use to hang it by the chimney.
Download Gasbuddy so you can check gas prices on route and take the exit with the best deal. Use cruise control when you can. Make sure your tires are properly inflated before you leave town. 4. Use gas-saving tricks. Filling your tank can be crazy expensive right now. So, if you’re driving over the holidays, try these easy tricks to save money on gas: 5. Ask for a ride or carpool. If you’re flying into town, could a relative pick you up? Even if you give them gas money, it’s probably cheaper than a rental or ride- sharing service—especially since these services cost even more in prime holiday travel time. Also, are other family members near you going over the river and through the woods to grandma’s too? Can you carpool? Yeah, it might mean a few hours of hearing your Uncle Mark retell stories about how he and your dad once set a mattress on fire “on accident,” but it builds character and helps your budget. 6. Pack snacks. If you’re filling up on snacks at every gas station or pit stop, you’ll quickly run low on travel funds. Instead of buying chips, drinks and candy at convenience store prices, pack your own snacks before you go. You can eat healthier—and for pennies on the dollar—if you bring your own food along for the ride. Take this to the next level by packing a lunch, too.
7. Stick to a carry-on. Flying? Keep calm and carry-on. In other words, skip the checked bag so you can skip those fees and drop the risk of your baggage getting lost. 8. Remember good gifts come in small packages. There are heaps of great ways to save money on Christmas gifts. And when you’re traveling for the holidays, one of those ways is to think of the size of the gift. Of course, some small things can have a huge price tag, but what about a reasonable amount on a gift card to the person’s favorite store or coffee shop? Or what about an experience you can enjoy together while you’re in town? Make a little coupon with the details, toss it in a gift box or bag, and you’re making memories in no time. You could also go in on a more expensive or bigger gift with someone local who’s willing to purchase. 9. Rethink where you’ll stay. Hotels can be expensive. So, if Aunt Beth says you can stay at her house but things are a bit snug there—remember it isn’t forever. Sleeping on that air mattress might be worth it. And consider chipping in on grocery costs or giving a gift card to her favorite restaurant. It’s a great way to show appreciation that’s still cheaper than a hotel room. If you don’t have a friendly Aunt Beth or an opportunity to stay with friends or family, look at Airbnb or Vrbo, or even compare prices on hotel rooms online. Don’t book the first place you see. Always click around for the best deal.
10. Don’t use a credit card. The idea that you can’t travel without a credit card is a total myth. And using a credit card for your holiday travel actually has some major downfalls. For one, you don’t technically have to pay off that balance at the end of the month. And the credit card companies don’t really want you to, to be honest. The average credit card interest rate right now is 18.43%. Don’t risk the temptation. Next month will have its own seasonal expenses, and there’s always a (poor) excuse to charge something now and worry about it in the future—plus interest. But here’s the other side: Even if you do pay off that balance, you’re creating a bad money management system. One lump credit card payment each month means you have no idea what you’re spending on different budget categories. Pay for your expenses (all of them) with actual money you actually have. Track these expenses for accountability, and to stay on top of your budget. 11. Be flexible about timing. If you’re able to head out on a Tuesday or Wednesday, those are cheaper days to fly. Also, if you can fly or drive on Thanksgiving Day or Christmas Day, you’re looking at cheaper flights. Now Put These Holiday Travel Tips in Action! These 11 quick budget travel tips will help you save money through the holidays. And it all starts and ends with the budget.
what our clients are saying
What a wonderful experience! In this crazy market, the team was able to navigate us through purchasing our first home. They were willing to answer any question we had no matter how big or small. From being an inexperienced buyer, they made the process a breeze with paying attention to detail and responding in a
quick fashion. We have already recommended them to all family members who are interested in moving to the shore! After hearing so many horror stories from others about their home buying experience, we were truly grateful to have such a caring team. Cannot thank them enough for what they have done for our family!!
Ryan Basch was great to work with! He helped us prep the house to get a great price with a quick sale. When we weren't sure how to handle the buyer's questions, his guidance helped us move the sale forward. We highly recommend Ryan, and we will use him when we sell our next house!
Chorizo and Egg Christmas Wreath
PREP TIME
TOTAL TIME
SERVINGS
10 MIN
43 MIN
8
INGREDIENTS
9 ounces Mexican pork chorizo 10 eggs 1 can refrigerated crescent rolls 1/4 cup shredded pepper jack cheese 1 tablespoon olive oil 1 teaspoon sesame seeds
INSTRUCTIONS
Crumble the chorizo into a skillet and cook the chorizo over medium heat for 10 minutes. In a medium bowl whisk eggs. Add eggs to cooked chorizo; cook for 2 to 3 minutes or until eggs are cooked thoroughly. Preheat oven to 375 ° F. Unroll can of dough; separate into 8 triangles. On a parchment sheet on a large cookie sheet or pizza stone, arrange triangles with shortest sides toward center, overlapping in wreath shape and leaving 4-inch round circle open in center. Crescent dough points may overlap edge of cookie sheet. Spoon mixture onto widest part of dough. Sprinkle with shredded cheese. Pull end points of triangles over chorizo and egg mixture and cheese and tuck under dough to form ring (filling will be visible). Carefully brush dough with olive oil; sprinkle with sesame seeds. Bake 17 to 20 minutes or until golden brown. Cool 2 minutes. With broad spatula, carefully place wreath on serving platter and slide off parchment sheet from under. Slice in between each crescent to make 8 individual pieces. Serve warm with salsa.
A Realtors Christmas
'Twas the night before Christmas and all through the house Not a creature was stirring, not even a mouse
My signs were all out and brochure boxes loaded The ad copy in and the lock boxes coded.
I just wrote an offer with that 1 perfect buyer eeghads it's so low…they say they won’t go any higher
So I call up my seller with the not so good news And they agree to meet with me…what have they got to lose
So, we sit at the table & I do what I do best Crunch numbers, talk deadlines and give it a rest
So, the sellers agree and get ready to sign And then they exclaim…“We’ve got an equity line!”
More crunching & digging to find extra money The sellers are smiling…but this really isn’t funny
3 months on the market with nary a showing Now I have an offer and not sure how it's going
And that’s when they ask what I don’t want to hear “Can you cut your commission?” and they crack open a cheer
What I need is a Smoothie while relaxing by a pool I reply that “I can’t…it’s a company rule”
So, I ring up the buyer right there on the spot I need to know if they’ll consider a counter or not
To my surprise they speak up, "We’ve got $5,000 more. If its signed tonight we’ll accept it, but absolutely no more."
So, back to the sellers for signatures on the line They him & They hem & then finally sign
I email the buyer and get their reply Accepted as countered; Now I’m flying high
The sellers are happy as I walk out the door It’s just 9pm; I can stop at the store
I pick up some goodies for my own Christmas treat Head home to chill out and put up my feet.
When I drive up to my house it is such a great sight All lit up for the holidays with the light's oh so bright
A smile crosses my face as I thought it just might “Merry Christmas to All and to All a Good Night!"
Written By: Shelly Brunette
Year in Review Goodbye 2022 Hello 2023!
We are so Thankful & Blessed to be able to do what we do & LOVE doing it! We had an amazing year with tons of Events, Seminars and Giveaways! Make sure to join us next year! -The Payne Team
SOLD at $255,000
SOLD at $256,200
SOLD at $70,000
SOLD at $45,155
SOLD at $250,000
Your home could be here! Give us a call! Direct: (410) 936-0055 Office: (410) 543-4545
Christmas Traditions The Payne Team's
Traditions of making gingerbread houses, Fresh evergreen centerpieces and Attending Christmas programs -Rob & Angela Payne
Basch Family Christmas Tradition
"Frittsmas" Family Traditions
Christmas is also know as "Frittsmas" in our household. We have traditions of Cookie Decorating Parties and matching PJs.
-Rachael Fritts
One of our treasured Christmas traditions for our family is our routine on Christmas Day. For us, faith and family is everything, so we celebrate such a special day by spending time with our closest loved ones and having a shared experience of Christmas. Our day starts at home with Erin and I and the kiddos. Having some time just the four of us is precious before the bustle of the day starts. The kids open their gifts from us and we take in the peace and joy of the morning. We then go to my mom's house for an amazing brunch. She makes sausage gravy and biscuits every year and Erin usually makes an overnight French toast. We open presents together there and we eat, laugh and celebrate well into the afternoon. The next stop is Erin's parents' house for a family dinner. We open presents together (youngest always first!) and soak in the moments together before more family members arrive. Angie and Rob always prepare a feast and invite family to come and spend time together as we close out the day. The day is full and always goes by fast, but it never feels too busy or too rushed. We make the most of every moment and cherish the memories we create with each other.
-Ryan Basch
HOME FOR THE HOLIDAYS GIVE YOURSELF AND YOUR FAMILY THE GIFT OF A NEW HOME CMG Home Loans can offer you MORE this holiday season.
All in One Loan- A first-lien HELOC combines with a checking account and mortgage banking account that's designed to help clients pay off their home loan faster, reduce debt quicker, provide access to equity for longer, and save more money on interest. HomeFundIt- A unique down payment gifting platform that allows buyer to buy their home sooner with a larger down payment. Gifts are raised completely online- no fees, no offline paperwork. BONUS: Buyers get a 2- to-1 contribution match up to $2,000 by CMG Home Loans. Lock N Shop- Allows Buyers to lock in their mortgage rate (even if they don't have a home picked out), continue shopping at their own speed, and lower their mortgage rate if the market rate falls. Mortgage Payment Buydowns- Make Payments based on a lower mortgage rate for up to 3 years. On-Time losing Guarantee- If we fail to close on time, get a $2,000 credit on us.
A new home may not be easy to wrap, but with our help we can get you into your dream home for the holidays.
Shawn Hunt Senior Vice President, Branch Manager NMLS ID# 1098459 l Branch NMLS# 1813197 (443) 783-0910 shunt@cmghomeloans.com
Rate Rebound by Buy Now, If Rates Fall, We've Got You Secure your DREAM HOME NOW! Rest easy knowing you can take advantage of lower interest rates in the future with NO LENDER FEES*
F
5-YEAR Refinance Period
FEES
If the market rate drops within 5 years, refinance to a lower rate.
Some save you a little, we save you a lot.
Appraisal, credit report, tax cert covered & get a $1,000 credit for other cost.
DON'T WAIT! WE'LL WAIVE ALL LENDER FEES! Buy your home now and if rates drop by 0.50% or more, we will waive refinance lender fees. This offer is available on all purchases between 11/1/2022 and 3/31/2023. The program is eligible for refinances that occur after 6 payments and up to 5 years. Contact Shawn Hunt, your local loan officer! Senior Vice President, Branch Manager P: (443) 783-0910 E: shunt@cmghomeloans.com
NMLS ID# 1098459 / Branch NMLS# 1813197
When buying a home, every little detail matters. Something seemingly innocent like changing jobs could jeopardize your mortgage approval. To help you stay on track, here are common do's and dont's when applying for a mortgage.
Don't CHANGE JOBS Don't end your employment, change jobs, or put in for a leave of absence without alerting your Loan Officer first. Anything you change in your finances will change your lending profile and potentially impact your loan approval. The change will be uncovered during the employment verification that takes to get approved. Bottom line, if you are thinking of making any changes to your employment or income, speak with your Loan officer first. Don't MOVE YOUR CASH/SAVINGS Lenders are required to verify all funds for closing, including the source of those funds. Moving assets around between multiple accounts can create a paper trail nightmare. The best advice is to leave everything where it is, even if the purpose of the move is to pull your funds for buying the house. After your accounts have been verified and you loan is approved, you can consolidate your accounts if you want. Always consult your Loan Officer before you more any funds. Don't TAKE OUT LARGGE DEPOSITS Lenders must verify all sources of funds used in a mortgage transaction. For any large deposits ($1,000 or more) into your asset accounts (checking, savings, money market, etc.), you should be prepared to document the source. This could be a copy of the paycheck, bonus check, gift funds, etc. Before you make any large deposits, speak with your Loan Officer for instructions on how to do it right the first time. Don't MAKE LARGE PURCHASES Any assets that are used to qualify you for the financing of your home should not be used to make a large purchase without consulting with your Loan Officer prior to making the purchase. The final figure you will need for closing is not finalized until typically the week of settlement and you want to ensure you have the funds to require a consumer to have reserve funds after the down payment and closing costs are accounted for in order to qualify. If you dip into your funds prior to settlement, it may jeopardize the final approval of your loan and possibly going to settlement on your home.
QUESTIONS? I am happy to help. Please call, email, or text me with any questions you may have today!
Don't APPLY FOR CREDIT CARDS/NEW DEBT Don't apply for new credit of any kind. The creditor's inquiry will show up on your credit report, and we will have to verify there is no new outstanding debt. Credit is typically monitored during the loan process, so any new activity will be uncovered before your settlement. If you are planning to add a debt or pay off debts before closing, wait until you have spoken with your Loan Officer first to make sure you won't endanger your loan approval or settlement date. Do REVIEW YOUR CREDIT REPORT The best way to get a jump start on your mortgage process is to know what your creditors are saying about you and the accuracy of the information. Request a copy of your report with your Loan Officer and confirm any inaccurate or OMITTED information. Credit reports are not always accurate, but corrections can be made quickly, as long as the proper documentation can be obtained. Do HAVE FINANCIAL PAPERS READY Keep all pages of your tax returns, along with any W2's, 1099's, or K1's, and any other financial papers from the past two years in a handy place. if you sold a home in the past two years, have your (HUD-1) Settlement Sheet or Closing Disclosure handy. During the loan process, you may have to provide a document that you did not anticipate you would need. Save all pages of all bank statements and paystubs from now until closing. They could be needed for your loan approval, so keep everything handy. Do TALK TO YOUR L/O BEFORE ACCEPTING FINANCIAL GIFTS Gifts from relatives are very common in the purchase of a home, but there are specific ways a gift must be handled. if you are getting a gift, hold off on receiving it until you have spoken with your Loan Officer. you will want to understand exactly how to receive the funds and what documentation would be required.
QUESTIONS? I am happy to help. Please call, email, or text me with any questions you may have today!
Shawn Hunt Loan Officer – The Hunt Team SVP, Area Manager NMLS ID# 1098459 M: (443) 783-0910 www.HuntTeamMortgage.com CMG Home Loans | NMLS ID# 1820
This adorable snow globe soap pump is the perfect way to add an unexpected dash of Christmas to the kitchen or bathroom sinks in your home. Throughout the year I keep most of the decor in my home fairly neutral and then swap out accessories like this for different holidays. It makes me smile every time I go to use the kitchen sink!
Bonus: You need ZERO crafting skills to pull off this project!
Supplies
Clear, standard mouth mason jar White flat back glass marbles
Ceramic Christmas tree Mason jar soap pump lid Clear soap Twine (about 2 yards)
Directions
Step 1.
Add about two dozen flat back white marbles to the bottom of the mason jar. Lower the ceramic Christmas tree into the jar and settle it on top of the marbles. (note: when shopping for a tree for your jar, be sure to get one that will fit in the neck of your mason jar!)
Step 2.
Before filling your jar with soap be sure the trim the stem for the soap pump to be the right height and check the fit before adding soap!
Step 3.
Add clear hand soap or dish soap to your jar.
Step 4.
Add the pump mechanism and screw it onto the lid of the jar. Buy a pre-assembled pump on Amazon or make your own by following this tutorial.
Step 5.
If desired, wrap about two yards of jute twine around the collar of the soap pump and then finish with a bow.
Let's get
@ThePayneTeamRE
December 2022
Chincoteague Ocean City Cambridge
Winterfest of Lights @ O.C Nov.17-Dec.31 Wed.-Sun. @5:30-9:30pm $6 Admission-FREE 11 year old or younger
Berlin Christmas Parade
Christmas Movie Trivia @Brew
Rockin' Around the Zoo 4:30pm Grand Illumination @Emmanuel 5-9pm Seaford Delmar Crisfield Princess Anne Christmas Parades
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Downtown Salisbury Christmas Parade
Snow Hill Christmas Parade
Grand Illumination @Emmanuel 6-9pm
Grand Illumination @Emmanuel 6-9pm
Grand Illumination @Emmanuel 6-9pm
3rd Friday Downtown Salisbury
Cookies w/Santa 10:00am
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"Name That Tune" Christmas Song Quiz Can you figure out which Christmas songs these sentences represent?
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