Bella is interested in buying a $150,000 home. How big does her down
1 answer:
Answer:
The answer is option B : $30,000.
Step-by-step explanation:
To avoid Primary Mortgage Insurance or PMI, one need to have the loan balance to be 80% or less of the home value.
Hence, Bella needs to deposit a down payment of at least 20% of $150,000
This value becomes:
dollars
Therefore, the answer is option B : $30,000.
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