Insurance News Today Refinancing: Why Your Prepaid PMI Refund Might Be Off the Table

"Canceled PMI? No Refunds After Refinancing, Says Court" If you’ve recently refinanced your home to ditch private mortgage insurance (PMI), you might be wondering: “What happens to the money I prepaid for PMI?” Unfortunately, the Fourth Circuit Court of Appeals has delivered some disappointing news for homeowners. In this video, we break down the court’s June 16, 2025, ruling that denies refunds for unused PMI premiums when homeowners cancel early—like during a refinance. Learn what this decision means for states under the Fourth Circuit’s jurisdiction (Virginia, West Virginia, Maryland, North Carolina, and South Carolina) and how it could impact your finances. We’ll also cover: What PMI is and how it works Why prepaid PMI refunds aren’t guaranteed Key lessons for homeowners planning to refinance Don’t let unexpected surprises derail your financial plans! Watch now to stay informed and make smarter mortgage decisions. 👉 Subscribe for more insights on homeownership, refinancing, and financial tips! Are you ready for anything🤔 Download our FREE Family Emergency Organizer PDF https://www.liveinsurancenews.com/free-family-emergency-organizer/ and keep your loved ones safe and prepared when it matters most! 🧠👉Don't forget to connect with us across our various social media platforms: 😊Facebook: https://www.facebook.com/LiveInsuranceNews