Save money on your monthly mortgage payment by removing your PMI today!

• Save hundreds to thousands per year with the removal of PMI.
• PMI removal will pay the cost of the appraisal in a matter of months
• Once PMI is removed, your savings continue for the life of the loan.

What Is PMI (private mortgage insurance)?

PMI is extra insurance that lenders require from most home buyers who obtain loans that are more than 80 percent of their new home's value. In other words, buyers with less than a 20 percent down payment are normally required to pay PMI. The cost of PMI increases as your down payment decreases. Example: The cost of PMI on a $400,000 loan with a 15% down payment would result in a $120 a month payment. Your PMI premium is normally added to your monthly mortgage payment.

How Do You Cancel or Terminate PMI?

Under HPA (The Homeowner's Protection Act (HPA) of 1998), you have the right to request cancellation of PMI when you pay down your mortgage to the point that it equals 80 percent of the original purchase price or appraised value of your home at the time the loan was obtained, whichever is less. Your lender may require evidence that the value of the property has not declined below its original value; this is where an appraisal comes in. With an appraisal from a State Certified Residential Appraiser you could eliminate this PMI and save money.

Don't waste another day; find out if you are a candidate to remove your PMI insurance today.