A mortgage that is protected by mortgage insurance through the Federal Housing...
An insured mortgage protects only the mortgage lender in case you do not make your mortgage payments. This coverage is provided by CMHC [Canada Mortgage and Housing Corporation] and is required if a person has a high-ratio mortgage. (a mortgage is high-ratio if the amount borrowed is more than 75% of the purchase price or appraised value, whichever is less.)
mortgage insured against loss to the mortgagee in the event of default, when the mortgaged property fails to satisfy the balance owing plus the costs of foreclosure.
mortgage that is protected by the Federal Housing Administration (FHA) or by private mortgage insurance (PMI). If the borrower defaults on the loan, the insurer must pay the lender the lesser of the loss incurred or the insured amount.
A mortgage that is protected by the Federal Housing Administration (FHA) or by private mortgage insurance (MI).
A mortgage insured against loss to the mortgagee in the event of default and a failure of the mortgaged property to satisfy the balance owing plus costs of foreclosure.
A mortgage that is insured (guaranteed) by the Federal Housing Administration (FHA) or by private mortgage insurance (PMI).