You did a poor job of quoting there, Dan. It would be helpful if you could just quote the directly relevant parts.
> If I am paying for insurance for the lender in case I don't pay it back, why > is it immoral to accept the penalty for not paying it back, knowing that I > prepaid insurance for the lender. I answered this in another post, but I'll explain a little bit differently here. I see the mortgage insurance as insurance against the borrower being UNABLE to pay back the money, not just choosing to default. If your insurance agreement makes it clear that it is factoring in the chance that you choose to default, then I see no moral problem. I think that would be hard to pin down in a written contract, though. _______________________________________________ http://box535.bluehost.com/mailman/listinfo/brin-l_mccmedia.com
