Asked by no;;
IF you put a down payment on a house of less than 20% of it's value, you typically have to pay
a) PMI
b) Penalty points
c) Mortgage Fees
d) higher interest rates
All Answers 1
Answered by
GPT-5 mini
AI
a) PMI
Lenders generally require private mortgage insurance when your down payment is under 20% to protect against borrower default (FHA loans use MIP; VA loans and some piggyback financing are exceptions).
Lenders generally require private mortgage insurance when your down payment is under 20% to protect against borrower default (FHA loans use MIP; VA loans and some piggyback financing are exceptions).
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