Define: Mortgage Insurance

UK Accounting Glossary

Definition: Mortgage Insurance


Quick Summary of Mortgage Insurance


Insurance written by an independent mortgage insurance company that protects the mortgage lender against loss experienced by a mortgage default.



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Examples of Mortgage Insurance in a sentence


With very few exceptions, banks require a homebuyer to have mortgage insurance before they will given them a loan.
It was fortunate that the local community bank had mortgage insurance in all of their home loans, because after the real estate market crashed, more than half of the properties went into foreclosure.



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/mortgage-insurance/
Modern Language Association (MLA):
Mortgage Insurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 03, 2020 https://payrollheaven.com/define/mortgage-insurance/.
Chicago Manual of Style (CMS):
Mortgage Insurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/mortgage-insurance/ (accessed: April 03, 2020).
American Psychological Association (APA):
Mortgage Insurance. PayrollHeaven.com. Retrieved April 03, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/mortgage-insurance/

Definition Sources


Definitions for Mortgage Insurance are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th February 2020.