In general, lenders require borrowers put down at least 20 percent of the purchase price of a home upon closing. (bbvacompass.com)
With no mortgage insurance to protect them, banks required every borrower to make a down payment of at least 20 percent of the purchase price of the property. (bbvacompass.com)
He added that this option of return of purchase price can be effectively utilized for passing inheritance to policyholder's legal heir. (policybazaar.com)