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Insurance provided by a private company to protect the mortgage lender against losses that might be incurred if a loan defaults. The borrower usually pays the cost of the insurance and is most often required if the loan amount is more than 80% of the home's value. Sometimes referred to as private mortgage insurance.

Mortgage

Mortgage Amount

Mortgage Banker

Mortgage Insurance

Mortgage Insurance Premium (MIP)

Mortgage Life Insurance

Mortgage Registration Fee