Mortgage Insurance Premium
Definition of "Mortgage Insurance Premium"
The upfront and/or periodic charges that the borrower pays for mortgage insurance. There are different mortgage insurance plans with differing combinations of monthly, annual, and upfront premiums.
Popular Mortgage Terms
A lender offering loans on the Internet who provides mortgage shoppers with the information they need to make an informed decision before applying for a mortgage and guarantees them ...
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The policy of a second mortgage lender toward allowing a borrower to refinance the first mortgage while leaving the second in place. ...
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The most recently published value of the index used to adjust the interest rate on an indexed ARM. ...
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