Real Estate Financing
Mortgage Insurance
Short Definition
Insurance protecting bank from borrower default, imposed when loan-to-value ratio high, added to monthly installment.
In Other Languages
Arabic
تأمين الرهن
تأمين يحمي البنك من تخلف المقترض عن السداد، يفرض عند نسبة قرض إلى قيمة عالية، يضاف للقسط الشهري.
English
Mortgage Insurance
Insurance protecting bank from borrower default, imposed when loan-to-value ratio high, added to monthly installment.
Turkish
İpotek Sigortası
Bankayı borçlunun temerrüdünden koruyan sigorta; kredi-değer oranı yüksek olduğunda dayatılır, aylık taksite eklenir.