Glossary - Don Wixom, Nampa, Caldwell, Boise, Eagle, Meridian | Complete Idaho MLS | Idaho Real Estate Agent

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Insured Mortgage	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.

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Glossary V2.0

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