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Mortgage Insurance Financial Glossary

What is it? A policy that protects lenders against some or most of the losses that can occur when a borrower defaults on a mortgage loan. Mortgage insurance is required primarily for borrowers with a down payment of less than 20% of the homes purchase price.

Finance Term Definition Added By: Benjamin

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

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