Do I need 20% down payment for a mortgage?

Just remember if you do have enough savings for a 20% down payment, you can avoid paying for Private Mortgage Insurance (PMI).

Martha Zabielski , Mortgage Loan Officer, NMLS #479308

In this video, Martha Zabielski whether or not it’s necessary to put 20% down payment on your mortgage. She also talks about Private Mortgage Insurance, also known as PMI.