Mortgage insurance

What is the name of your state?
Utah

When I refinanced my loan the lender did not include mortgage insurance on the closing documents. I understood that they had waived this requirement although we only have about 11% equity.
Now the lender says they made a mistake and they want to add mortgage insurance.
We closed on the loan November of 2003 and they discovered their "mistake" last week (Feb. 2004)
Am I legally obligated to sign new/revised closing documents?

Edit: Not FHA ,VA, Fannie Mae loan

[nextwife]

Typically, the lender closing documents includes a form to sign (among the many) that basically states that if there were later discovered any mistakes that need to be corrected, you agree to cooperate in doing so.

[HomeGuru]

That's true. Read your mortgage documents.

What if the lender said I made a mistake and meant to charge you half a point higher interest or half a point more in closing costs would I then have to agree to this because I signed this form.

[ShyCat]

If you committed to a 5.5% rate with 1.5 points and then at closing signed papers with the rate mistakenly set at 5% or the points mistakenly set at 1, then yes, you could be required to re-sign at the correct 5.5% rate or 1.5 points. Mistakes happen, and neither party is obligated to allow the other to profit from it. You'd certainly expect it to be corrected if it was in your favor, right?

[HomeGuru]

Right.