Many lenders will require the borrower to pay private mortgage insurance (PMI) as a part of the home mortgage loan. This is so that lenders are protected in the event the borrower defaults on the loan. If a borrower has at least 20%$ of the value of the home as a down payment, PMI will likely not be required.
[bBellaOnline ALERT: Raw URLs are not allowed in these forums for security reasons. Please use UBB code. If you don't know how to do UBB code just post here for help - we will help out!