|Real Estate Glossary|
A mortgage that is protected by the Federal Housing Administration (FHA) or by private mortgage insurance (MI). If the borrower defaults on the loan, the insurer must pay the lender the lesser of the loss incurred or the insured amount.
[ Back To Real Estate Glossary ]
|Home | Relocation | Mortgage Calculator | Mortgage Rates | Real Estate News | Schools | Local Phone Numbers | Weather Report | Newsletter | About Us|