I don’t understand how making me pay an extra 500$ a month makes me MORE likely to not default on my loan. I live in Southern California and to put 10% down on a house it costs like 170k at least. Anyways I’d love to know why it’s mandatory I pay PMI.
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Like others’ have said, it’s insurance the bank wants but, has you pay for. Did you know that businesses are, and have been, normalizing the concept of having other people pay THEIR business expenses?
Here’s another example. Do you use multi-factor authentication and work TO.DO.YOUR.JOB? Do you use a cell phone to do it? Whose cell phone do you use? Interesting, huh?
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