📖The Language of Real Estate: "Mortgage Insurance" There's a reason you hear people say you typically need 20% down for a home purchase. You DON'T! BUT- often times your lender will require an additional monthly payment in the form of mortgage insurance if you have less than 20% down. Amanda Newlove with Compass DRE02020565 408-809-5969 amanda@amandanewlove.com amandanewlove.com #loveitornewloveit #sanjoserealestate #siliconvalleyrealestate #buyingahome #sellingahome #buyingandselling #buyingahouse #sellingahouse #firstimebuyer