A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

	Mortgage Insurance Premium A premium which is charged as a percentage of the mortgage. The mortgage insurance insures the lender against loss in case of default by the borrower.
	Mortgage Life Insurance A form of reducing term insurance recommended for the borrower. In the event of the death of the borrower or one of the co-borrowers, the insurance pays the balance owing on the mortgage. The intent is to protect survivors from losing their home.
	Mortgagee The one to whom property is conveyed. (The lender). The holder of the mortgage.
	Mortgagor The one who makes the payments. The owner of the property. (The borrower).