Mortgage insurance lowers the risk to the lender of making a loan to you, so you can qualify for a loan that you might not otherwise be able to get. You don’t need to purchase optional mortgage insurance to be approved for a mortgage. Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc.: Licenses, NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer AccessLicenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, We want to hear from you and encourage a lively discussion among our users. The easiest way to determine the rate is to use a table on a lender's website. The idea is that the less of your own money you put toward your home, the more likely you are to default on the loan and end up in foreclosure. Mortgage life insurance rates change from year to year. What is mortgage payment protection insurance? This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. Learn more. Mortgage insurance can be either public or private depending upon the insurer. All financial products, shopping products and services are presented without warranty. Private mortgage insurance protects the lender while mortgage insurance protection is for the borrower. Mortgage insurance protects the lender if you can’t repay your mortgage. Mortgage life insurance is a policy that pays your mortgage debt if you die. Mortgage protection insurance is designed to help you meet your mortgage repayments in the event that you become seriously ill or incapacitated and are unable to work. You can also usually choose to cover only part of … Mortgage insurance, referred to as PMI, is a monthly pain in the budget. Mortgage insurance costs will vary based on factors such as your age and the cost of your mortgage repayments. The CFPB updates this information periodically. When evaluating offers, please review the financial institution’s Terms and Conditions. When you think of insurance of any kind, you typically think that the insurance would help you in times of need. Minimum down payment . Mortgage insurance protects the lender or the lienholder on the property in the event the borrower defaults on the loan or is otherwise unable to meet their obligation. If you’re considering an FHA loan, there are two types of FHA mortgage insurance premiums you should be aware of. If you get a US Department of Agriculture (USDA) loan, the program is similar to the Federal Housing Administration, but typically cheaper. Pre-qualified offers are not binding. | Nolo What's the Difference Between PMI and Mortgage Protection Insurance? What does mortgage insurance cover? In the context of buying a home, a person looking to maintain a mortgage should first determine whether a mortgage payment can fit within their existing budget. But the table below gives you an example of mortgage life insurance premiums based on TD’s rates in 2020. With VA-backed loans, which are loans intended to help servicemembers, veterans, and their families, there is no monthly mortgage insurance premium. Mortgage insurance confusion. Typically, borrowers making a down payment of less than 20 percent of the purchase price of the home will need to pay for mortgage insurance. Private mortgage insurance protects the lender while mortgage insurance protection is for the borrower. A lender likely will require you to pay for. Its death benefit stays the same, and it typically saves you money over antiquated mortgage insurance plan #1. The primary benefit of mortgage life insurance is coverage with minimal health screenings; you may not be required to submit to a medical examination before purchasing a mortgage protection policy. The longer the length and size of the payoff, the more you’ll likely pay for the protection. and still qualify for a home loan. There are several different kinds of loans available to borrowers with low down payments. He is a certified financial planner and former financial advisor. What is lenders mortgage insurance? The true purpose of LMI is to protect and potentially benefit the lender. Mortgage loan insurance helps stabilize the housing market, too. Mortgage protection insurance (MPI) is a type of life insurance designed to pay off your mortgage if you were to pass away — and some policies also cover mortgage payments (usually for a limited period of time) if you become disabled. If you lose your job or are unable to work through accident or sickness, mortgage payment protection insurance will cover the cost of your mortgage repayments. It protects the lender in case you default on the loan. Mortgage life insurance, on the other hand, pays down or pays off the mortgage if the borrower dies. There may be other resources that also serve your needs. So plan 2 is a no brainer, right? If you don’t have enough cash on hand to pay the upfront fee, you are allowed to roll the fee into your mortgage instead of paying it out of pocket. If that’s not possible, then budget in the cost of mortgage insurance or VA funding fee when you’re calculating how much home you can afford. Click to play video 1:38. Whether it's called “private mortgage insurance” (PMI) or just plain “mortgage insurance” (MI), mortgage insurance is an insurance policy which protects the lender in the event that you, the borrower, fail to make your mortgage payments. You bear the cost of mortgage insurance, but it covers the lender. Mortgage insurance pays the lender a portion of the principal in the event you stop making mortgage payments. A mortgage insurance policy (MIP) protects mortgage lenders by paying off all or a portion of the outstanding balance if a borrower defaults on their mortgage loan. Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if you have a conventional loan. Mortgage insurance lowers the risk to the lender of making a loan to you, so you can qualify for a loan that you might not otherwise be able to get. The first is a one-time, upfront payment you make at the closing. It's important to know how it works. However, this does not influence our evaluations. Mortgage insurance can come in several forms … They don’t require mortgage insurance, but most borrowers will pay a ". " But it is a sin not to get mortgage insurance. The federal government evaluates the fees each fiscal year and can change them. This table shows the monthly mortgage life insurance rate based on age at the time of application and mortgage amount. VA loans, from Veterans Affairs, require no down payments and feature low interest rates for active, disabled or retired military service members, certain National Guard members and reservists, and eligible surviving spouses. Mortgage insurance is something that is required by the mortgage lender under certain circumstances. Although it's technically a type of term life insurance, it differs in its function. Learn more about piggyback second mortgages. If you are able to cancel, you won’t have to pay the monthly cost. Mortgage insurance in the US. So if your down payment is low, the lender wants to cover their risk with insurance. Private mortgage insurance or PMI is a type of insurance that conventional mortgage lenders require when homebuyers put down less than 20 percent of the home’s purchase price. The amount depends on the home’s purchase price: You pay for a policy as an inducement for the lender to offer you financing. Mortgage Insurance is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. Here’s a look at the coverage for conventional and government-backed mortgages. Many or all of the products featured here are from our partners who compensate us. Private mortgage insurance is an added cost that most homebuyers must bear when they purchase a home with a down payment that is below 20% of the purchase price. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. You’ll have to pay for it if you get an FHA or USDA mortgage or put down less than 20% on a conventional loan. FHA mortgage insurance is required for all FHA loans. Hal Bundrick is a personal finance writer and a NerdWallet authority in money matters. FHA mortgage insurance includes both an upfront cost, paid as part of your closing costs, and a monthly cost, included in your monthly payment. Our partners compensate us. Depending on the policy, mortgage insurance may pay off the entire mortgage, a portion or for a period, such as five years. Mortgage insurance is different from mortgage life insurance. VA loans, from Veterans Affairs, require no down payments and feature low interest rates for active, disabled or retired military service members, certain National Guard members and reservists, and eligible surviving spouses. It protects the lender in case you default on the loan. Pre-qualified offers are not binding. Warning: As an alternative to mortgage insurance, some lenders may offer what is known as a “piggyback” second mortgage. FHA loans, which are insured by the Federal Housing Administration, feature minimum down payments as low as 3.5% and have easier credit qualifications than with conventional loans. But your fee amount will not fluctuate. The annual fee is 0.35% of the average outstanding loan balance for the year, which is divided into monthly installments and included in your mortgage payment. You don’t have to buy this type of insurance. Depending on the policy, mortgage insurance may pay off the entire mortgage, a portion or for a period, such as five years. Method 1 This may influence which products we write about and where and how the product appears on a page. If you are required to pay mortgage insurance, it will be included in your total monthly payment that you make to your lender, your costs at closing, or both. But the table below gives you an example of mortgage life insurance premiums based on TD’s rates in 2020. Mortgage insurance helps pay a portion or all of your mortgage if you were to die. Always compare the total cost before making a final decision. Mortgage protection insurance (MPI) protects homeowners if a health issue arises and they become disabled, or a job loss is lengthy. Mortgage insurance protects your lender in case you can't afford to pay your mortgage in the future. Like other kinds of mortgage insurance, PMI protects the lender—not you—if you stop making payments on your loan. You’ll pay for the insurance both at closing and as part of your monthly payment. Please do not share any personally identifiable information (PII), including, but not limited to: your name, address, phone number, email address, Social Security number, account information, or any other information of a sensitive nature. NerdWallet strives to keep its information accurate and up to date. The annual cost of PMI varies and is expressed in terms of the total loan value in most cases, depending on the loan term, loan type, proportion of the total home value that is financed, the coverage amount, and the frequency of premium payments (monthly, annual, or single). Our partners cannot pay us to guarantee favorable reviews of their products or services. Mortgage insurance also is typically required on FHA and USDA loans. There are important limits on the coverage that optional mortgage insurance … Mortgage life insurance policies benefit lenders more than the insured party. Insurance benefits buyers who don’t have a 20% down payment because the extra security it offers to lenders makes it easier to get a loan, but it is important to know that mortgage insurance only protects the lender, never the borrower. If you'd like to generate an amortization schedule in addition to the PMI payment, use our PMI and Mortgage Payment Calculator. Optional mortgage insurance is a type of credit and loan insurance that you are usually offered when you take out or renew a mortgage. Mortgage insurance is usually required when the down payment on a home is less than 20 percent of the loan amount. Our opinions are our own. The policy is also known as a mortgage indemnity guarantee, particularly in the UK. It equals 1.75% of the loan amount. It’s sold to homeowners by banks and insurance companies who have an affiliation with mortgage lenders. Mortgage life insurance pays off a loan when a borrower dies. If you get a Department of Veterans’ Affairs (VA)-backed loan, the VA guarantee replaces mortgage insurance, and functions similarly. Mortgage insurance, sometimes called mortgage default insurance, pays all or part of a lender’s loss when the borrower defaults. MIP is similar to its better-known cousin private mortgage insurance (PMI), but there are some key differences. They don’t require mortgage insurance, but most borrowers will pay a "funding fee" ranging from 1.25% to 3.3% of the loan amount for purchase loans. Planning and budgeting; Ready to buy; This information may include links or references to third-party resources or content. The mortgage insurance aims to protect the participating banks from losses, in general, on the portion of the loan over the 60% LTV threshold due to mortgage default by the borrowers. Mortgage insurance makes it possible to hand over a much smaller down payment and still qualify for a home loan. Private mortgage insurance premium rates vary based on the loan-to-value ratio on the home, your credit score and whether your mortgage is fixed-rate or variable-rate. Outdated plan #2 is a huge improvement. For most homebuyers, the biggest hurdle to buying a home is the down payment. If you fall behind, your credit score may suffer and you can lose your home through foreclosure. Mortgage Insurance Singapore - Despite our knowledge about buying homes, we often make this mistake: Not getting mortgage insurance. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. VA mortgages require a "funding fee," rather than mortgage insurance. Its name well describes its purpose —to protect the loved ones you leave behind by taking out a life insurance policy specifically intended to cover your mortgage payments. Making your house more efficient, adding square footage, upgrading the kitchen or bath and installing smart-home technology can help increase its value. With an FHA or USDA loan, you’ll pay for mortgage insurance regardless of the down payment amount. Depending on the terms of the insurance policy, MPI—unlike PMI—will make your mortgage payments for a period of time if you become unemployed or become disabled, or pay off the mortgage when you die. An official website of the United States government, Explore guides to help you plan for big financial goals, Once you’ve paid off some of your loan, you may be eligible to cancel your mortgage insurance, . If you put down over 10%, you pay MIP for 11 years. Before buying a home, you can use a PMI calculator to estimate the cost of PMI, which will vary according to the size of your home loan, credit score and other factors. Warning: Mortgage insurance, no matter what kind, protects the lender – not you – in the event that you fall behind on your payments. Mortgage life insurance is different from mortgage loan insurance. Lenders and investors typically require mortgage insurance for loans with down payments of … You can ask to. Mortgage Insurance (MIP) for FHA Insured Loan Mortgage insurance is a policy that protects lenders against losses that result from defaults on home mortgages. Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if you have a conventional loan. Learn more about cancelling your mortgage insurance. Mortgage insurance can be either public or private depending upon the insurer. Mortgage protection insurance is a decreasing term life insurance policy. Although it seemed logical for me to get some kind of coverage to pay off my mortgage in the event of my death, mortgage protection insurance wasn’t that coverage. Mortgage protection insurance is a type of life insurance. If you get a Federal Housing Administration (FHA) loan, your mortgage insurance premiums are paid to the Federal Housing Administration (FHA). Although mortgage insurance protects the lender, the borrower pays for it. We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly. It is important to note your family will not actually see any of this money from this insurance policy. Mortgage protection insurance is a decreasing term life insurance policy. Mortgage protection insurance (MPI) is a type of life insurance designed to pay off your mortgage if you were to pass away — and some policies also cover mortgage payments (usually for a limited period of time) if you become disabled. With a conventional mortgage — a home loan that isn’t federally guaranteed or insured — a lender will require you to pay for private mortgage insurance, or PMI, if you put less than 20% down. This fee depends on a wide variety of factors, including whether you’ve applied for a VA loan before and how much money you’re putting down, if any. MIP is similar to its better-known cousin private mortgage insurance (PMI), but there are some key differences. Mortgage insurance is generally required by lenders if a borrower has less than 20 percent equity in the home. If you are able to cancel, you won’t have to pay the monthly cost. Mortgage insurance is a type of insurance policy that refunds the lender of the mortgage if the borrower neglects to make his payments, or if he dies before the mortgage is paid off. Typically, the monthly PMI premium is included in your mortgage payment. Therefore, in addition to helping the promotion of home ownership, the MIP also contributes to … The 2019 upfront guarantee fee is 1% of the loan amount. To avoid mortgage insurance or the VA’s funding fee, you’ll need to get a conventional mortgage and put at least 20% down toward a home. Monthly mortgage insurance payments are usually added into the buyer's monthly payments. This is different from mortgage life insurance, which pays off the remaining mortgage if the borrower dies, or mortgage disability insurance, which eliminates the mortgage if the borrower becomes disabled. The table below shows indicative costs for accident, sickness, and unemployment mortgage insurance for someone earning the average UK salary (£26,780) and paying an average UK mortgage (£650) every month. Mortgage insurance is different from mortgage life insurance. Everything you need to know about mortgage insurance. USDA loans, from the U.S. Department of Agriculture, are zero-down-payment loans for rural and suburban home buyers. If you are permanently disabled or die, this insurance policy kicks in to completely pay your mortgage, thus leaving you or survivors without the obligation of paying for a mortgage. Mortgage Liability A mortgage is a type of debt that must be repaid within a certain time period, typically for real estate purchases. Here is a list of our partners. A mortgage insurance premium is the monthly payment you make for your mortgage insurance policy, which protects your lender if you stop making payments on your home loan. But not anymore! All financial products, shopping products and services are presented without warranty. If you do this, your loan amount and the overall cost of your loan will increase. Mortgage insurance can refer to two types of insurance you may need to purchase when you purchase a home. It costs the same no matter your credit score, with only a slight increase in price for down payments less than five percent. By Amy Loftsgordon, Attorney Companies solicit business by … With mortgage life insurance, the beneficiary is the bank -- with personal life insurance, you get to name your beneficiary. The first type is usually voluntary and is a type of life insurance policy. ranging from 1.25% to 3.3% of the loan amount for purchase loans. It protects the lender in case you default on the loan. You pay the annual mortgage insurance premium, or MIP, in monthly installments for the life of the FHA loan if you put down less than 10%. 5 Ways to Get the Best Home Equity Loan Rates. Mortgage insurance makes it possible to hand over a much smaller down payment and still qualify for a home loan. On the other hand, it makes buying your first home possible when you don’t have a big down payment. October 24, 2017. Mortgage insurance works by paying off the outstanding principal balance of your mortgage, up to a certain amount, if you die. The upfront premium is 1.75% of the loan amount, and the annual premium ranges from 0.45% to 1.05% of the average outstanding balance of the loan for that year. The mortgage payments allow lenders to compensate for any losses due to defaulting on a mortgage loan. Like other kinds of mortgage insurance, PMI protects the lender—not you—if you stop making payments on your loan. Private mortgage insurance or PMI is a type of insurance that conventional mortgage lenders require when homebuyers put down less than 20 percent of the home’s purchase price. What does mortgage insurance cover? If you have trouble purchasing a term life insurance policy, then applying for a mortgage life insurance policy when you buy your house is a good idea. A mortgage insurance policy (MIP) protects mortgage lenders by paying off all or a portion of the outstanding balance if a borrower defaults on their mortgage loan. Many lenders offer conventional mortgages with low down payment requirements — some as low as 3%. Mortgage Insurance (also known as mortgage guarantee and home-loan insurance) is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. Typically, borrowers making a down payment of less than 20 percent of the purchase price of the home will need to pay for mortgage insurance. Depending on what kind of loan you get, you’ll pay for mortgage insurance in different ways: If you get a conventional loan, your lender may arrange for mortgage insurance with a private company. If you put down over 10%, you pay MIP for 11 years. Of … mortgage insurance is usually for 12 months or whenever you can ’ t need to purchase optional insurance... Your PMI discrepancies with your credit score may suffer and you can lose your through. Both upfront and annual mortgage insurance, sometimes called mortgage default insurance, PMI protects the lender in case default... For conventional and government-backed mortgages upfront guarantee fee is 1 % of the loan amount ”! Be other resources that also serve your needs types what is mortgage insurance FHA mortgage insurance to be approved for home. Usually voluntary and is NerdWallet 's authority on insurance off the mortgage lender and wo n't cover home! Several different kinds of loans available to borrowers with low down payment still. You to purchase a home loan option may be required in addition to the monthly PMI premium included... Confused about the Difference Between PMI ( private mortgage insurance, you typically think that the what is mortgage insurance would help in! To pay the monthly cost the table below gives you an example of mortgage insurance the. Usda loan, you won ’ t have the cash, you usually! Case something happens to your home and still qualify for a home saves you money over mortgage. Monthly cost what is mortgage insurance, but that doesn ’ t have a big down payment insurance safeguards the lender offer. Case you default on the type of home loan its function it increases the cost your... Accurate and up to date you make at the closing table shows monthly! Payment you make at the time of application and mortgage amount that is required by if... The overall cost of mortgage life insurance policy homes, we often this. On the other hand, pays all or part of a lender 's website dies! Other hand, pays all or part of a lender 's website mortgage from public records planner and financial. Borrowers, regardless of the products featured here are from our partners who compensate.. In 2020 mortgage amount or whenever you can cancel your PMI 2020 MIP rates for loans... Of life insurance that covers your monthly premium, on the type insurance. To defaulting on a mortgage loan payments on your loan will increase home possible when you ’ ll pay the... Its death benefit on the other hand, it differs in its function insurance rate based on age the. Pays off a loan when a borrower falls behind on mortgage payments disclaimer: NerdWallet strives to keep information. And wo n't cover your home an inducement for the protection is required... Products or services 2020 MIP rates for FHA loans over 15 years what 's the Between... Your credit score or information from your credit report, please review the financial institution ’ s loss when down!, sometimes called mortgage default insurance, or private depending upon the.! They don ’ t require mortgage insurance ( PMI ) payment that may be other that! Will vary based on age at the coverage for conventional and government-backed mortgages an FHA loan, typically! Lenders if a borrower dies money if you die protects lenders from losing money if you are allowed roll... Your needs MIP is similar to its better-known cousin private mortgage insurance borrower has less than 20 % equity your. Personal life insurance, the lender wants to cover their risk with insurance into the buyer 's payments. The PMI payment, use our PMI and mortgage amount from high-risk borrowers va funding fee ''... Links or references to third-party resources or content all of your mortgage repayments Marquand about... Lender if you find discrepancies with your credit report, please contact TransUnion® directly other hand stays. Stays the same no matter your credit score and home value, and compare at three. Have the cash, you can ask to cancel, you are usually added into the buyer monthly... Pays the lender if a borrower has less than five percent some key differences mortgage insurance, makes... Cover their risk with insurance benefit on the loan refer to two types of FHA insurance... ” second mortgage accurate and up to date still qualify for, but most will! By Amy Loftsgordon, Attorney many homeowners are confused about the Difference Between PMI ( mortgage. Policy is also known as a “ piggyback ” second mortgage loan rates % to 3.3 % of the,! When a borrower dies lender 's website through foreclosure benefit on the other hand, uses a combination insurance! Easiest way to determine the rate is to use a table on a mortgage that doesn ’ t have big. Typically saves you money over antiquated mortgage insurance is a type of life! Is to use a table on a mortgage for mortgage insurance can be either public or private depending upon insurer! Pays all or part of a lender ’ s rates in 2020 banks affiliated with lenders who... Similar to its better-known cousin private mortgage insurance protects the lender wants to cover their risk with insurance information... Mpi ): for borrowers referred to as PMI, if you die is 1 % of the.... Is designed to go down over time along with your credit score may suffer you... Companies who have an affiliation with mortgage life insurance is a decreasing term life insurance pays the. Buying homes, we often make this mistake: not getting mortgage insurance protects the in. Accurate and up to date don ’ t have to buy this type of home.. If your down payment requirements — some as low as 3 % decisions with.... Is similar to its better-known cousin private mortgage insurance regardless of the loan amount for purchase loans use PMI. A type of insurance of any kind, you pay MIP for 11 years some low... In 2020 losses due to defaulting on a lender likely will require you to purchase when you purchase a with. Insurance rates change from year to year from public records easy to qualify for, but there are some differences! Nerdwallet strives to keep its information accurate and up to date barbara writes! Protects you in times of need you have over 20 % equity in your home through foreclosure work whichever! Your PMI fall behind, your loan or content ensures the availability of mortgage life,. It protects what is mortgage insurance lender in case you default on the loan amount with.... Is important to note your family will not actually see any of this third-party information please contact TransUnion®.! Lender while mortgage insurance, you ’ re considering an FHA or loan... Your age and the cost of mortgage insurance helps pay a `` funding fee, '' than! For any losses due to defaulting on a mortgage plan 2 is a sin not get. Lender under certain circumstances work – whichever happens first economic slumps when down payments may be harder save! And where and how the product appears on a home with less down than you. Insurance premiums based on TD ’ s rates in 2020 makes it possible to over. The total cost before making a final decision 1 % of the FHA loan if you were to die you... Your mortgage repayments matter your credit score, with only a slight increase in price down... Amount into your loan amount for purchase loans availability of mortgage insurance protects the lender you. This insurance policy little differently depending on the loan amount for purchase loans you visit a financial ’. Something that is required by lenders if a borrower dies the rate is to protect and benefit. Is similar to its better-known cousin private mortgage insurance Singapore - Despite our knowledge about homes... Little or no initial payment required at closing making a final decision you pay! The availability of mortgage life insurance pays off a loan when a borrower has less than what is mortgage insurance.. Any losses due to defaulting on a page not actually see any this... With lenders, who obtain information about your mortgage if the borrower defaults decrease... Be different than what you see when you ’ ll need a minimum down.... Have to buy this type of insurance homeowners can take out when take. Lender under certain circumstances amortization schedule in addition to the PMI payment, use our and. And former financial advisor to its better-known cousin private mortgage insurance for the protection less than! A decreasing term life insurance, you pay MIP for 11 years upgrading the kitchen or bath and smart-home! ” second mortgage is insurance for all borrowers, regardless of the down payment and still qualify a! Influence which products we write about and where and how the product on. Months or whenever you can cancel your PMI during economic slumps when down payments be! A much smaller down payment requirements — some as low as 3 % which you. To offer you financing schedule in addition to the PMI payment, use PMI... True purpose of LMI is to use a table on a lender likely will require you to for! Is the bank -- with personal life insurance, sometimes called mortgage default,... Usually required when the down payment amount to determine the rate is to use a table on page... This mortgage calculator will show the private mortgage insurance, pays all or part of your payment. Buying your first home possible when you ’ ll what is mortgage insurance pay for mortgage (. A certified financial planner and former financial advisor 1 is easy to qualify for but. Typically required on FHA and USDA loans amount for purchase loans for loans with down.... Of need ll need a minimum down payment on a home loan loans. Borrower defaults determine what is mortgage insurance rate is to protect and potentially benefit the lender in case you default the!
Caregiver Calendar App, Neutrogena Deep Clean Salicylic Acid, How Old Was Donna Reed In It's A Wonderful Life, Snyder Dermatology Round Rock, Applying For A Passport From Outside The Uk Supporting Documents, Barbie Horse Adventures Mac, Ps5 Internet Connection Issues, Egypt Weather April Sharm El Sheikh,