Business and Personal Finance Dictionary

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• MORTGAGE INSURANCE PREMIUM - The up-front and/or periodic charges that the borrower pays for mortgage i...
  
  
• MORTGAGE INSURANCE PREMIUM (MIP) - One-half percent that borrowers pay each month on FHA insured mortga...
  
  
• MORTGAGE INSURANCE PREMIUMS (MIP) - Most FHA loans require the borrower to pay two mortgage insurance p...
  
  
• MORTGAGE INTEREST DEDUCTION - A federal tax deduction for interest paid on a mortgage used to acquire, ...
  
  
• MORTGAGE INTEREST EXPENSE - A tax term for interest paid on a loan secured by your home that is fully d...
  
  
• MORTGAGE INVESTOR - Any person or institution that invests in mortgages. By buying mortgage loans from ...
  
  
• MORTGAGE LENDER - The party who disburses funds to the borrower at the closing table. The lender recei...
  
  
• MORTGAGE LIEN - A lien or charge on the property of a mortgagor that secures the underlying debt obliga...
  
  
• MORTGAGE LIFE AND DISABILITY INSURANCE - A type of term life insurance often bought by borrowers. The a...
  
  
• MORTGAGE LIFE INSURANCE - A type of term life insurance often bought by mortgagors. The amount of cover...