Mortgage Insurance

Business / Real Estate / Mortgage Insurance: A kind of insurance policy that will pay off the mortgage balance in the event of death, and in some policies, disability. Premiums are paid with the regular monthly mortgage payment.

Other Words for Insurance

Insurance Verb Synonyms: assurance, surety, indemnity, indemnification, guarantee or guaranty, warranty, bond, security, protection, cover
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Mortgage Insurance Premiums (MIP)

Business / Real Estate / Mortgage Insurance Premiums (MIP): Most FHA loans require the borrower to pay two mortgage insurance premiums: one upfront paid at closing, the second is an annual premium based on the loan balance each year. MORE

Federal Housing Administration Mortgage

Business / Taxes / Federal Housing Administration Mortgage: Federal Housing Administration (FHA) mortgages, which are made by private lenders, resemble conventional mortgages in many ways, but there are some significant differences. An FHA mortgage is governme MORE

Private Mortgage Insurance (PMI)

Business / Finance / Private Mortgage Insurance (PMI): Policy protecting the holder against loss resulting from default on a mortgage loan. MORE

Private Mortgage Insurance

Business / Loan / Private Mortgage Insurance: Private Mortgage Insurance (PMI or MI)- Insurance required to be paid for by the borrower to protect the lender in the event payments are not made on time; most often required when the loam amount exc MORE

Mortgagee

Business / Construction / Mortgagee: The lender who makes the mortgage loan. MORE

Multiple Peril Insurance

Business / Finance / Multiple Peril Insurance: Insurance policy that covers a wide variety of property damage. MORE

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