Definition of "Insured loan"

John  Petersen real estate agent
John Petersen, Real Estate Agent Keller Williams Atlanta Partners

A loan indemnified against default by the borrower. Such loans may be a mortgage loan insured by a standard mortgage insurance policy or by FHA mortgage insurance. In the event of the death or default of the borrower, the mortgage insurance policy will either pay the mortgage principal entirely, or continues making payments.

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