Welcome to The REAL in Real Estate Podcast, your go-to show for real estate success. In this solo episode, host Jean Mitchell tackles the paralyzing fear many millennials and first-time buyers face in today’s housing market.

With interest rates hovering around 6%, many buyers are sitting on the sidelines waiting for a return to 3%—a wait that Jean argues is costing them thousands in lost equity. Jean dispels the myths about needing a massive down payment or a perfect "forever home" right out of the gate. Instead, she offers a reality check on the cost of renting versus owning. If you are ready to stop building your landlord's wealth and start building your own legacy, this guide is for you.

In this episode, you will learn:

✔️ The "Perfect Rate" Fallacy: Why waiting for 3% interest rates to return is a trap, and why 6% is actually a strong entry point historically.

✔️ Rent vs. Equity: A breakdown of how paying $2,000–$3,000 a month in rent builds zero wealth for you, compared to building equity in a home you own.

✔️ Down Payment Reality Check: You don't need 20% down. Learn about grants and loan programs that allow you to buy with as little as 3.5% down.

✔️ Managing Repair Anxiety: How to protect yourself from unexpected costs using home inspections and home warranties, so you aren't afraid of future repairs.

Connect with Jean: Jean Mitchell is the creator and host of The REAL in Real Estate podcast. You can connect with her and listen to more episodes through the following channels:

Apple Podcasts: The REAL in Real Estate on Apple Podcasts

Listen to the full episode now:

https://the-real-in-real-estate.captivate.fm/listen

Let's Get Real about The 20% Down Payment Myth with Jean Mitchell