Glossary » Mortgage Insurance Premium

Mortgage Insurance Premium - A premium which is added to the mortgage and paid by the borrower over the life of the mortgage. The mortgage insurance insures the lender against loss in case of detault by the borrower.



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Mortgage Term Rate
INTRO VARIABLE 2.24%
6 MONTH CLOSED 4.75%
1 YEAR CLOSED 5.00%
2 YEAR CLOSED 5.49%
3 YEAR CLOSED 5.19%
4 YEAR CLOSED 5.29%
5 YEAR CLOSED 5.25%
7 YEAR CLOSED 5.90%
10 YEAR CLOSED 6.05%
Updated 01/06/2009

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