What is the definition of Mortgage Insurance Premium?

Ah, the mortgage insurance premium! It's like the insurance agent who's secretly a real estate broker, but instead of selling houses, they're selling the peace of mind that comes with owning one. It's the fee you pay to ensure your cozy abode doesn't turn into a mortgaged nightmare. Think of it as the safety deposit fee for your dream home, but instead of locking away cash, you're locking away your sanity.

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Now, here's an unsettling example sentence: "In the face of this existential crisis, John decided that his mortgage insurance premium was a security blanket he'd rather wear than his own shattered dreams."