Newsletter February 23, 2024

January 31, 2024 Newsletter


January 31, 2024

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The Townes at The Parks in Carolina Forest 

7015 River Bridge Ct Myrtle Beach, SC 29579

$334,999 | 3 Beds | 2 Baths

Explore modern comfort in this three-year-old, three-bedroom, two-bath semi-detached home at The Townes in Carolina Forest. Highlights include elegant granite countertops, luxury vinyl plank flooring, a natural gas stove, tankless water heater, resort-style amenities, a strategic location near shopping centers, the beach, and the international airport, plus storm protection with Mid-Atlantic hurricane shutters. Schedule a showing today to experience the perfect fusion of contemporary design and family-friendly living.

What is private mortgage insurance?

Private mortgage insurance (PMI) is a type of mortgage insurance you might be required to buy if you take out a conventional loan with a down payment of less than 20 percent of the purchase price. PMI protects the lender—not you—if you stop making payments on your loan.

The requirement to buy PMI usually also applies to refinancing a conventional loan, when your equity is less than 20 percent of the value of your home.

PMI is arranged by the lender and provided by private insurance companies. It insures the lender against loss caused by borrowers failing to make loan payments. Make no mistake: If you fall behind on your mortgage payments, PMI does not protect you and you can still lose your home through foreclosure.

PMI can help you qualify for a loan that you might not otherwise be able to get. But it can increase the cost of your loan.

How do I pay for PMI?

Before agreeing to a mortgage, ask lenders what PMI choices they offer.

The most common way to pay for PMI is a monthly premium.

  • The premium is shown on your Loan Estimate and Closing Disclosure on page 1, in the Projected Payments section.
  • The premium is added to your mortgage payment.

Sometimes you pay for PMI with a one-time up-front premium paid at closing.

  • The premium is shown on your Loan Estimate and Closing Disclosure on page 2, in section B.
  • If you make an up-front payment and then move or refinance, you might not be entitled to a refund of the premium.

Sometimes you pay with both up-front and monthly premiums.

Lenders might offer you more than one option. Ask the loan officer to help you calculate the total costs over a few different timeframes that are realistic for you.


You can generally cancel your PMI once you’ve paid down your mortgage by a specified amount. Learn more about your rights and ask lenders about their cancellation policies.

How does PMI compare to other parts of my loan offer?

Ask lenders to show you detailed pricing for different options so you can compare and decide which option is the best deal for you.

Interest rate

Lenders sometimes offer conventional loans with smaller down payments that do not require PMI. As a tradeoff, you usually pay a higher interest rate for these loans. Paying a higher interest rate can be more or less expensive than the PMI, depending on a number of factors, including how long you plan to stay in the home.


You might want to ask a tax advisor whether paying more in interest or paying PMI might affect your taxes differently.

Other loan programs

Borrowers making a low down payment might want to consider other types of loans, such as an FHA loan. Other types of loans may be more or less expensive than a conventional loan with PMI, depending on your credit score, your down payment amount, the lender, and general market conditions.

Down payment

You might consider saving up the money to make a 20 percent down payment. When you pay 20 percent down, PMI is not required with a conventional loan. You could also receive a lower interest rate with a 20 percent down payment.

North Myrtle Beach Humane Society Adoptable Pet of the Week

Buddy is the Einstein of the canine world! This intelligent 6-year-old already knows basic commands and can easily be trained to learn more. Buddy has been searching for a home where his boundless energy can be channeled into a daily job or activities that keep him engaged and happy. Buddy’s enthusiasm for life requires mental and physical stimulation. A family with an active lifestyle and a commitment to providing him with enrichment will find a lifelong friend in Buddy. Buddy is a true socialite, always ready for playtime and cuddles. His playful antics are sure to keep you entertained, and his affectionate nature will warm your heart. Get ready for a lifetime of tail wags, wet nose kisses, and an abundance of love! To meet Buddy, please call 843-249-4948 to schedule an appointment, or you can submit an application HERE.


32b North Market Street

Charleston, SC 29401

Indulge in the charm of Church and Union at 32B N Market St, Charleston. This repurposed church by the 5th Street Group offers a casual yet refined dining experience with new American cuisine. Helmed by Top Chef Alum Chef Partner Jamie Lynch and Executive Chef Tyler Cook, it promises a sophisticated ambiance on historic Market Street


February offers an ideal time for a day trip from Myrtle Beach to Charleston. Enjoy comfortable weather as you explore historic landmarks like the Battery and Rainbow Row. Opt for guided tours or carriage rides to delve into Charleston’s rich history, all while avoiding the crowds for a more personalized experience.


Discover a historic treasure at the Charleston City Market in South Carolina. Dating back to the 1800s, this vibrant market spans four blocks, enticing both locals and tourists. With over 100 diverse vendors, explore a world of handicrafts, jewelry, paintings, and spices. Uncover unique finds and immerse yourself in the charm of this iconic market.

Few beverages are as deep-rooted in culture of Americans’ collective childhood quite like hot chocolate. This drink reminds us of raining days, skiing, sledding, or even a quiet day watching the snow fall. It’s thick, silky, toasty, and usually smothered in whipped cream—no other drink brings warmth to our lives and tastebuds quite like hot chocolate. Cozy up with your favorite mug because on January 31, we celebrate National Hot Chocolate Day, a day devoted to our favorite chocolate beverage.

Get ready to raise your mugs and celebrate coziness! ☕🍫 Dive into our irresistible hot chocolate recipe, quick to make and perfect for chilly days. Sip, savor, and warm up your winter with the ultimate cocoa delight. Cheers to the joy of National Hot Chocolate Day!


Servings: 4 people

  • 1/4 cup granulated sugar, (or add to desired sweetness)
  • 1/4 cup unsweetened cocoa powder
  • 4 cups whole milk*
  • 1/2 cup semisweet chocolate, (chips, chunks or shavings)
  • ½ tsp vanilla extract

Hot Chocolate Toppings

The BEST part about homemade hot chocolate is the toppings and added flavors! We love to make a toppings bar, especially for the holidays and parties.

  • Whipped cream
  • Mini marshmallows
  • Mini chocolate chips
  • Crushed peppermint
  • White chocolate
  • Chocolate syrup
  • Sprinkles
  • Peppermint sticks
  • Chocolate shavings


  1. In a medium saucepan, whisk together the sugar and cocoa powder. Add milk, chocolate chips, and vanilla and whisk together.
  2. Place over medium heat and bring it to a light boil while stirring constantly. Be sure the chocolate is fully melted and incorporated.
  3. Set aside to cool to your desired temperature and serve with your favorite toppings.


*For a richer and creamier hot chocolate, replace 1 cup of milk with 1 cup of heavy cream or half and half. 

Kristen Lundy



M: 843-344-5621

O: 843-448-7169

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