Mortgage Insurance at Real Estate Glossary
What is it? Required by lenders in some loans to protect them from a possible default . All conventional loans with less than a 20 percent down payments require private mortgage insurance, or PMI.Real Estate Definition Added By: Abigail
The Mortgage Insurance definition has been viewed 72 Time(s)!
Send To Friends!
If you'd like to send the Mortgage Insurance definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -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.
Other Similar Real Estate Terms:
Real Estate Term Home Expense-To-Income Ratio is A ratio expressed as a percentage that is used by the mortgage industry to determine a borrowers qualification for a loan. It is calculated by dividing the borrowers total monthly housing expenses by his or her gross monthly income.Real Estate Term Splash block is A slanted block used to divert runoff water from a downspout away from the foundation.
Real Estate Term Blanket Trust Deed is A trust deed secured by several properties or a number of lots. A blanket mortgage is often used to secure construction financing for proposed subdivisions or condominium development projects. The developer normally seeks to have a partial release claus
Real Estate Term Comparative market analysis is An estimate of the value of a property based on an analysis of sales of properties with similar characteristics.
Real Estate Term Unequivocal is Unambiguous; clear; having only one possible meaning or interpretation.