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Mortgage Insurance

Insurance paid by the borrower to insure the lender against default in case of non payment of the mortgage loan. The mortgage insurance company may buy the property or just cover part of the losses to the lender. Many government loans and some conventional loans require mortgage insurance with loans to value over 80%.

See also:
  • Maturity Date
  • Mechanics Lien
  • Metes & Bounds
  • MIP
  • MLS
  • Molds
  • Mortgage
  • Mortgage Banker
  • Mortgage Broker
  • Mortgage Insurance
  • Mortgage Insurance Premium
  • Mortgage Interest Rate
  • Mortgagee
  • Mortgagor
  • Multiple Listing Service

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