Mortgage Insurance Premium


Definition of "Mortgage Insurance Premium"

Renee Joseph
  Coldwell Banker Residential Brokerage

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.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Convertible

Same as term Convertible Term Life Insurance: coverage that can be converted into permanent insuranc ...

Fellow, Society Of Actuaries (fsa)

Designation earned by passing 10 national examinations on subjects including mathematics of life and ...

Separable Property

Property wholly owned by one spouse, which was the spouse's before marriage or was received as a gif ...

Preferred Risk

Insured, or an applicant for insurance, with lower expectation of incurring a loss than the standard ...

Permanent Buydown

Same as term Points: An upfront cash payment required by the lender as part of the charge for the l ...

Ancillary Administrator

Out-of-state or out of jurisdiction administrator appointed to probate a decedents property when the ...

Related Real Estate FAQ

What Is A Quit Claim Deed?

A quit claim deed is a formal document that denies a claim to a certain property. Often used to clea ...

What Do I Need To Know About Pet Insurance?

If you own a pet, i\'m sure you\'ve been in a situation where the vet bills have been much higher th ...

What Is An Inspection?

An inspection is a close and thorough examination of a house and property. A licensed individual usu ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your ...

How Much Life Insurance Do I Need?

Every person has a different idea of what financial security means. If so, should happen to you, how ...

What Is An Escrow Officer?

An escrow officer - also known as a loan officer - is the person that walks you through the closing ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What Must I Disclose When Selling My Home? How is Square Footage Determined? What is Hazard Insurance? 7 Tips for a First Time Homebuyer Tax Breaks for the First Time Home Buyer

FAQ

How do I file an Insurance Claim? What is a lifetime rate cap? What is underwriting? What is an assumable mortgage? What is a lien?