This term can sometimes refer to mortgage insurance. It can also refer to a term policy, the value of which reduces monthly, which is used as mortgage insurance.
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Definition of mortgage redemption insurance: Decreasing-term life insurance policy taken by a mortgagor to repay the balance on a mortgage loan if he or she ...
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To research another term or concept, type it and click. Research Analyst's Portal. Most updated research results on mortgage redemption insurance served ...
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Decreasing term policies used for this purpose are informally called mortgage insurance or mortgage redemption insurance and many are structured so that ...