Ari obtains a mortgage loan from Bayside Bank so that he can buy a house. The house costs $200,000. Ari makes a down payment of $20,000. Based on the amount of the price paid up front, Bayside will likely require Ari to

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Mortgage insurance is typically required by lenders when the down payment is less than 20% of the home's purchase price. In this case, Ari's down payment of $20,000 on a $200,000 home is exactly 10%, which is below the 20% threshold, thus likely necessitating mortgage insurance.

Ari Obtains a Mortgage Loan from Bayside Bank So That