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  Mortgage indemnity guarantee (MIG)  
 
Not all mortgage lenders today will charge you with mortgage indemnity insurance, although some lenders may insist as a condition of their loan – borrowing high values may be a reason that insurance would be required. MIG is a type of insurance that protects the lender who is providing you with the mortgage for any problems that might occur with repayment, but in fact offers you no cover yourself.
 
 
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