PMI, also known as Private Mortgage Insurance, is a supplemental insurance policy you may pay for to protect your mortgage lender in the event of your default. PMI is provided by private (non-government) companies and is usually required when your loan–to–value ratio – the amount of your mortgage loan divided by the value of your home – is greater than 80 percent. PMI isn’t a bad thing – it allows lenders to accept lower down payments on homes than they would normally be comfortable with. But you may be paying PMI unnecessarily!

If you’d like to learn more about eliminating PMI insurance from your mortgage loan, please visit our website at

Morris Newman
American Hero Mortgage
12323 SW 55th St Ste 1002
Plantation, FL 33324-3312
(754) 202-4376