Yet we now have chatted about individual financial insurance to have traditional fund Whether or not PMI is for the fresh new lender’s cover rather than brand new debtor, that’s not to express indeed there aren’t specific indirect positives on the borrower. There are two main huge ones that we’ll talk about here: PMI permits a lower downpayment. While the PMI offsets some of the risks having loan providers regarding the knowledge the borrower non-payments, it allows off money only