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In the private insurance of the mortgage, the mortgage insurance company offers protection to the geldschieter at the occasion of non-payment, which represents a part of the lent amount normally. Outside this, several government products for loan are available, which existed from a premium of the insurance of the mortgage. A premium of the insurance of the mortgage is similar with the private insurance of the mortgage.

The premium of the insurance of the mortgage is the charge which pays a mortgage donor for helping mortgage insurance on credit. The price is possible if complete payment is collected at the conclusion of the loan or as divided amount that it is incorporated in monthly disbursements. This amount is paid by the mortgage donor to no matter which government agency such as the federal policy of housing or to a private mortgage insurer.

If people receive a credit amount, which exceeds approximately 80% of the value of its assets and verkoopprijs. Since its equality is confirmed, the geldschieter wishes pay the man for mortgage insurance which will save their organization of this by-effect of non-payment. For a credit amount to receive that by the federal policy is represented of housing, the man a premium must pay of the insurance of the mortgage equivalently to approximately 1.5% of the credit amount at completion. The premium of the insurance of the mortgage is generally credited by the geldschieter and to FHA name of the borrower compensated. Counting on " lening-aan; proportion, can be there also a monthly premium.

The commissioner FHA gives the quantity premium of the insurance of the mortgage which must be returned to at the suspension of credits. The repayments have been based on the total number of months for which progress is treated. No compensation is unpaid to the house owner after the duration of 84 months.

Harmonizing to the Internet site of FHA, the house owners share the right of the premium of the insurance of the mortgage pay back in case they have the mortgage after 1 September, 1983, compensated an direct premium of the insurance of the mortgage at completion and did not succeed not their pay hypotheekdefrayals.