what percentage of a home price is typically required for your down payment if you want to avoid purchasing…

what percentage of a home price is typically required for your down payment if you want to avoid purchasing private mortgage insurance (pmi)?\na 15 percent\nb 18 percent\nc 20 percent\nd 35 percent

what percentage of a home price is typically required for your down payment if you want to avoid purchasing private mortgage insurance (pmi)?\na 15 percent\nb 18 percent\nc 20 percent\nd 35 percent

Answer

Brief Explanations:

In the field of finance, when buying a home, a 20 - percent down - payment is typically required to avoid private mortgage insurance (PMI). This is a common industry standard as it reduces the lender's risk.

Answer:

C. 20 percent