2 ms·
> PMI protects the lender if the borrower defaults, but it provides no direct benefit to the borrower—yet the borrower pays for it. You can say the same thing
by foogazi 2y ago
> PMI protects the lender if the borrower defaults, but it provides no direct benefit to the borrower—yet the borrower pays for it.
You can say the same thing about mortgage interest: it provides no direct benefit to the borrower