When we attempted to obtain mortgage refinancing for our home we found out that you really need to read the fine print. We settled on a lower mortgage rate, which we thought was a great deal. They were going to refinance our existing home and do what is called a 80/20 loan. This was done so we were told to help provide the 20% equity insurers look at to help avoid mortgage insurance required when you have less than 20% to put down. It was essential that we found mortgage lenders that we could trust since we were putting a large sum of money at risk for our home. What we found was a local bank that was able to provide the service and peace of mind that helped us in our refinance.