Mortgage Indemnity Guarantee (MIG) Financial Glossary

What is it? This is known under many different names which include the following; Indemnity Premium, Insurance Guarantee Premium, Additional Security Fee, Mortgage Guarantee premium, Mortgage Indemnity Premium amongst others. This is a fee that is payable if a high percentage loan to value is required.

Finance Term Definition Added By: Alexander

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We hope you now understand the meaning of Mortgage Indemnity Guarantee (MIG). If you need any more information on this term, please don't hesitate to contact us.

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