The premium paid by the borrower on the insurance policy from FHA to the lender, against incurring a loss due to the borrower's default
Mortgage Indemnity Premium. A premium paid for insurance to cover the lender in case your property is repossessed and sold and the lender cannot get their money back from the sale proceeds. It does not give you cover.
Insurance purchased by borrower to insure against default on government (FHA or VA) loans.
Mortgage Indemnity Premiums
The amount paid to FHA by a borrower for mortgage insurance.
Mortgage Insurance Premium. The consideration paid by a mortgagor (borrower) for mortgage insurance - either to the FHA or to a private mortgage insurer.
A type of insurance from FHA which protects a lender against incurring a loss on an account because of a borrower's default.
Mortgage indemnity premium. An insurance policy that protects the lender against default of mortgage repayments. Although the policy benefits the lender, it is the borrower who usually pays the premium.
(MORTGAGE INSURANCE PREMIUM) - Insurance from FHA to the lender against incurring a loss on account of the borrower's default.
Mortgage Insurance Premium. Paid on government-insured loans (FHA or VA loans) regardless of your loan-to-value. Should you pay off a government-insured loan in advance of maturity, you may be entitled to a small refund of MIP. Please note that such insurance is not a form of life insurance that pays off the loan in case of death.
Mortgage Insurance Premium. The fees paid by a FHA borrower for mortgage insurance. Typically for mortgage loans with a down payment of less than 20 percent.
Mortgage insurance premium. The consideration paid by a mortgagor for mortgage insurance either to FHA or a private mortgage insurance (PIM) company. On and FHA loan, the payment is 1/2 of 1 percent annually on the declining balance of the mortgage.
Mortgage Insurance Premium. The fee paid by a borrower for mortgage insurance. Fee's are generally paid to the FHA or private insurer.
MORTGAGE INSURANCE PREMIUM. An fee that is often included in mortgage payments that pays for mortgage insurance coverage.
Mortgage Insurance Premium. The consideration paid by a mortgagor for mortgage insurance either to FHA or a private mortgage insurance (PMI) company. This insurance protects the investor from possible loss in the event of a borower's default on a loan.
Mortgage Insurance Premium. a one time amount paid by a mortgagor for mortgage insurance either to FHA or a private mortgage insurance company.
It is insurance from FHA to the lender against incurring a loss on account of the borrower's default.
also called “Mortgage Insurance Premiums†- the insurance premiums paid on an FHA mortgage loan. Similar to PMI paid on a conventional loan.
Mortgage Insurance Premium. The amount the borrower is required by the lender to pay for mortgage insurance. It helps protect the lender in cases of default. It is required by lenders when the down payment is less than 20% (or some other specified percentage) for conventional loans and for all FHA loans. The premium is paid periodically either to a private mortgage insurance company or to the FHA which insures residential mortgage loans. Currently FHA insured mortgages require a payment that represents an annual rate of one- half of one percent paid by the mortgagor on a monthly basis. The payment is normally a portion of the mortgage payment that is set aside in the escrow account.
Mortgage Insurance Premium. The up-front insurance premium you must pay if you get an FHA loan. The insurance helps cover the cost of reselling your home if you default on the loan.
Mortgage Insurance Premium. MIP is paid by the borrower as additional insurance that the lender will be covered against a foreclosure. Mortgage Insurance premiums are required on some loans such as FHA loans. Lenders assess whether mortgage insurance is necessary for a particular loan based on a borrower’s qualifications associated with that loan.
See mortgage insurance premium.
mortgage insurance premium. The amount paid by a mortgagor for mortgage insurance to FHA. (Also see PMI)
Mortgage Insurance Premium. An up-front and/or monthly fee charged to the buyer on FHA loans to insure the lender against loss due to foreclosure.
mortgage insurance premiums. Most FHA loans require the borrower to pay two mortgage insurance premiums: one upfront paid at closing; the second is an annual premium based on the loan balance each year.
Mortgage Insurance Premium. (Also known as mutual mortgage insurance premium). A one-time mortgage insurance required for FHA loans.
Mortgage Insurance Premium. FHA insures lenders against loss on FHA loans. The premium can be paid up front or financed as part of the loan.
Mortgage Insurance Premium. A fee for mortgage insurance coverage, often on FHA loans.
Mortgage Insurance Premium. Mortgage Interest
mortgage insurance premium. The amount paid to FHA or to a private company for mortgage insurance.
Mortgage indemnity premium. Sometimes called a high lending fee, this is a one-off fee that borrowers may be charged if they want to borrow a high percentage of a property's value - usually above 90% or 95% loan to value. This fee pays for the lender to insure against potential losses should the house be repossessed and sold for less than the outstanding mortgage.
MIP, or "Mortgage Insurance Premium" is required on FHA loans. This may be paid at closing, or financed over the course of the loan.
Mortgage Insurance Premium. The fee paid by a borrower to FHA or a private insurer for mortgage insurance.
Mortgage Insurance Protection
Mortgage Indemnity Premium. Insurance that covers the lender in case your property is repossessed and the lender cannot get the money.
The amount paid by a mortgagor for mortgage insurance, to a government agency such as the Federal Housing Administration (FHA) or to a private Mortgage Insurance (MI) company. An acronym for Mortgage Insurance Premium.
Mortgage Insurance Premium. a payment that must be made to secure a government loan guarantee on your reverse mortgage. The insurance premium guarantees that if the company managing your account - commonly called the loan "servicer" - goes out of business, the government will step in and make sure you have continued access to your loan funds. Furthermore, the MIP guarantees that you will never owe more than the value of your home when the HECM reverse mortgage must be repaid.
MORTGAGE INSURANCE PREMIUM. The consideration paid by a mortgagor for mortgage insurance either to FHA or a private mortgage insurance (PMI) company. On an FHA loan, the payment is one-half of one-percent annually on the declining balance of the mortgage. It is a part of the regular monthly payment and is used by FHA to meet operating expenses and provide loss reserves.
Mortgage Insurance Premium. A charge paid by the borrower (usually as part of the closing costs) to obtain financing, especially when making a down payment of less than 20% of the purchase price.
Mortgage Insurance Premium. is insurance provided by a private company to protect the mortgage lender against default. Generally, this insurance is required by the lender when the down payment is less than 20% of the property value. The lender requires the borrower to pay the insurance premiums. With a conventional loan this is referred to as private mortgage insurance (PMI).
Mortgage Insurance Premium. the cost of the mortgage insurance which is included as part of the mortgage payment
Mortgage Insurance Premium. Money paid by the borrower in an FHA loan and used to insure the loan.
Mortgage Insurance Premium. The mortgage insurance required on FHA loans for the life of said loans; MIP can either be paid in cash at closing or financed in its entirety in the loan. The premium varies depending on the method of payment.
Mortgage Insurance Premium. It is insurance from HUD which protects the lender should there be a default under the terms of the mortgage.
Mortgage Insurance Premium. An insurance fee paid by the borrower either to a government agency or to a private mortgage insurance company to protect the lender against default.
Mortgage Insurance Premium. Mortgage insurance on an FHA insured loan. Unlike conventional loans it is required regardless of the loan-to-value .
Mortgage Insurance Premiums. Fees paid by FHA borrowers to obtain a loan (upfront and annual).
Mortgage Insurance Premium. An insurance premium home buyers pay on FHA loans to protect the lender against default. Includes an "upfront" premium which may be financed and a monthly premium collected in the payment.
Insurance from the Federal Housing Administration (FHA) protecting the lender from financial loss should the borrower default.
Mortgage Insurance Premium. The amount the FHA charges up front when they insure a loan under of their programs.
Mortgage Insurance Premium. An insurance fee required on certain loan programs. This fee is collected up front as a one-time premium at closing and there are monthly payments.
Mortgage insurance premium. a monthly payment -usually part of the mortgage payment - paid by a borrower for mortgage insurance.
mortgage insurance premium. The amount paid by a mortgagor for mortgage insurance, either to a government agency such as the Federal Housing Administration (FHA) or to a private mortgage insurance (MI) company.
Mortgage Insurance Premium. The payment made by a borrower to the lender for transmittal to HUD to help defray the cost of the FHA mortgage insurance program and to provide a reserve fund to protect lenders against loss in insured mortgage transactions. In FHA insured mortgages this represents an annual rate of 1/2% paid by the mortgagor on a monthly basis.
Mortgage Insurance Premium. An insurance premium paid by the borrower on a policy that promises to pay out the amount owing in the event that the borrower defaults. back
The insurance issued by a government agency such as the FHA Mortgage Banker A company that originates mortgages exclusively for resale in the secondary market.