Mortgage Insurance Premium Financial Glossary

What is it? The consideration paid by a mortgagor for mortgage insurance either to FHA or a private mortgage insurance (PMI) company.

Finance Term Definition Added By: Luke

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

Other Similar Finance Terms:

Financial Term Package account is A bank account that charges you a monthly fee whether you are in the red or not.

Financial Term Line of credit is An agreement whereby a financial institution promises to lend a certain amount of money without the need to file another application. See home equity line of credit.

Financial Term Packaging is The process of combining various types of student aid (grants, loans, scholarships, and employment) to attempt to meet full amount of students need.

Financial Term Variable rate is Interest rate can be altered by the account provider as and when they deem necessary, usually when general base rates change. This is also the traditional way that mortgages were arranged before the concept of fixed rates. A variable rate will fluctuate up and down to reflect the true cost of borrowing. Some variable rates may be discounted for a period of time (see Discounted Rates).

Financial Term Low is The shares intra-day low.