Browse:  #  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z 

Insured Mortgage

Insured Mortgage Definition

Insured Mortgage means a mortgage that is protected by insurance against the default of the borrower. If the borrower is not able to pay principal and interest of the loan, the insurer pays the lender either the loss incurred on the loan or the insured amount (the lesser of these two amounts).


Additional meaning of Insured Mortgage:

The Federal Housing Administration and private mortgage insurance companies usually provide mortgage insurance for residential properties.









Ask a Question

Learn the famous formula for money-making, based upon the THIRTEEN PROVEN STEPS TO RICHES! Get your FREE Copy & Instant Access to Think and Grow Rich by Napoleon Hill just by signing up.
 
   
Newsletter cover
Browse:  #  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z