Real estate is full of advice—some helpful, some outdated, and some simply untrue. Believing common myths can lead to poor financial decisions or missed opportunities. Here are some of the most common real estate myths and the facts behind them. Myth #1: You Need a 20% Down Payment Reality: While putting 20% down can help you avoid private mortgage insurance (PMI) in some loan programs and reduce your monthly payment, it's not always required. Many loan programs allow qualifi