Private Mortgage Insurance (PMI) is usually required if the down payment is less than _____ percent of the purchase price of the home.

Name: Private Mortgage Insurance (PMI) is usually required if the down payment is less than _____ percent of the purchase price of the home.
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Private Mortgage Insurance (PMI) is usually required if the down payment is less than 20% of the purchase price of the home. Therefore, choice E (20) is the correct answer.

Private Mortgage Insurance (PMI) Is Usually Required If the Down