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A. Christina Breen-Hale - State Farm Insurance     Official Sponsor
Our mission is to help our clients realize their dreams by managing risks, recover from the unexpected, and plan for the future.



Private Mortgage Insurance


Private Mortgage Insurance (PMI) protects the lender in case the borrower defaults on his or her mortgage loan.

  • Lenders generally require PMI when your down payment on a home is less than 20 percent of the home’s total value.
  • PMI coverage is insurance for the lender, not the homeowner, you can’t choose the PMI company.

PMI & Your Consumer Rights
Under the Federal Homeowners Protection Act (HPA) your lender must:

  • Inform you in writing that you have PMI
  • Provide you with an explanation of coverage
  • Tell you when and how you can cancel PMI
  • Let you know annually when you qualify to cancel the coverage.

If you have a history of paying your monthly mortgage bill on time, you can ask to cancel the coverage once your mortgage is less than 80 percent of the home's value or purchase price.