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Mortgage Insurance Fees. Private mortgage insurance. If you refinance a mortgage with equity collateral of less than 20 percent, you will likely need to pay for private mortgage insurance. Private mortgage insurance, or PMI, protects the lender in case the borrower fails to pay off the loan.

Corpus Christi premier mortgage lender, specializing in home loans and mortgage refinance since 1987. If you have been turned down for home loan or mortgage refinance by another lender, give them 10 minutes, "We say YES when others say NO". They are a government approved lender that specializes in FHA and VA loan products.

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