Business and Personal Finance Dictionary

# 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 

• MORTGAGE DISCOUNT - the amount paid by the borrower to increase the yield of a mortgage to the lender. ...
  
  
• MORTGAGE DURATION - A modification of standard duration to account for the impact on duration of MBSs o...
  
  
• MORTGAGE FORMULAS - Equations used to derive common measures used in the mortgage market, such as month...
  
  
• MORTGAGE INSURANCE - If your down payment is less than 25% of the purchase price of the property, the l...
  
  
• MORTGAGE INSURANCE (MI OR PMI) - Insurance needed for mortgages with low down payments (usually less th...
  
  
• MORTGAGE INSURANCE (MI) - Insurance that covers the lender against some of the losses incurred as a res...
  
  
• MORTGAGE INSURANCE (MIP OR PMI) - Insurance purchased by the borrower to insure the lender or the gover...
  
  
• MORTGAGE INSURANCE (PRIVATE MORTGAGE INSURANCE - PMI) - Money paid to insure the mortgage when the down...
  
  
• MORTGAGE INSURANCE CANCELLATION - Canceling a mortgage insurance policy.
  
  
• MORTGAGE INSURANCE CERTIFICATE (MIC) - Certificate issued by HUD/FHA as evidence that a mortgage has be...