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Mortgage Terms: Mortgage Insurance Definition

Mortgage Terms: Mortgage Insurance Definition

Mortgage insurance

Definition

Insurance against loss provided to a mortgage lender in the event of borrower default.

In most cases, the borrower pays the premiums.

For articles on mortgage insurance, see Mortgage Insurance.

Related Terms

Other terms related to 'Mortgage insurance' starting with the letter 'M'

Mortgage program, Manufactured housing, Maturity, Mortgage formulas, Maximum lock

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