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As Vivian Tu of Your Rich BFF noted in a recent video, pop culture doesn't always tell the truth about the mortgage process, and not everyone buys a "single-family home, with a white picket fence, in a development" by making a 20% down payment and using a conventional mortgage. Tu discussed four different types of mortgages that have a lower upfront cost for the borrower, and can therefore make it easier for the average American to buy a home. To be clear, if you can make a 20% down payment for a home purchase, you will be able to avoid paying for extra mortgage insurance that can add hundreds of dollars to your monthly mortgage payments.