dcsimg

Insurance Definition: MORTGAGE GUARANTEE INSURANCE

By Compuquotes Team on March 27th, 2008

MORTGAGE GUARANTEE INSURANCE:

Definition:

  • Coverage for the mortgagee (usually a financial institution) in the event that a mortgage holder defaults on a loan. Also called private mortgage insurance (PMI).

Information provided by Insurance Information Institute

Featured Insurance Quote
Twitter
Facebook 470 flares Google+
470 flares ×