Do I need 20% Down Payment To Purchase

Is a 20% down payment really necessary to buy a home? While putting 20% down helps you avoid Private Mortgage Insurance (PMI), many homebuyers secure a mortgage with a little down. In this video, we’ll break down a side-by-side cost comparison to help you understand how PMI impacts your monthly mortgage payment. Whether you're a first-time homebuyer or weighing your financing options, this guide will provide clarity on the best approach for your home purchase. ✅ Looking to Get Pre-Approved, Refinance, Buy, or Sell a Home? 👉 Fill out this quick form: https://form.jotform.com/241797431374059 — DISCLAIMER — Gavin Sessions is a Mortgage Advisor (NMLS 1742952) and employed by Aspire Mortgage Advisors (NMLS 261755 ). This video is for educational purposes only. All calculations, figures, and information presented in this video should be verified independently with a qualified professional. This video does not constitute an offer to lend and should not be used to make decisions regarding home offers, purchasing decisions, or loan selections. The information in this video is not guaranteed to be accurate, complete, or up-to-date and does not imply any lending terms, qualification amounts, or real estate advice. Always seek counsel from a licensed real estate agent, mortgage loan originator, financial planner, accountant, and/or attorney for personalized real estate, legal, and financial advice. Summit Lending is not affiliated with the VA, FHA, or any other government agency. This video has not been approved or endorsed by any government agency.