Definitions for "Mortgage Insurance Premium"
Keywords:  mip, fha, defray, upfront, pmi
Percentage of outstanding balance that is paid each year of the mortgage term.
MP] The upfront and/or periodic charges that the borrower pays for mortgage insurance.
The premium paid by a borrower either to FHA (FHA/VA loans) or to a private company for non-government insured loans.
Keywords:  interest
Mortgage Interest