John Mallett
Your Pitch
Shifting a “Renter’s Mindset” to Help Close the Black Gap in Homeownership
New research from UC Berkeley titled “The Roots of Structural Racism Project” reveals a widening gap in homeownership that leads to inequities in health, income, and even life expectancy.
Interview op: Housing Industry Expert and Author John W. Mallett grew up in the projects and became passionate about home ownership and supporting others in becoming homeowners. Mallett discusses the “Renter’s Mindset” that holds many eligible homeowners back and offers insight and tips on how to shift that mindset and become a homeowner.
Talk Points:
- 46% of Black households own their homes vs. 77% of White households.
- 25% of Black renters are mortgage ready but don’t know it.
- The “Renter’s Mindset”- Historical patterns that have created inequitable Black homeownership undeniably persist and should be reversed. However, the ‘renter’s mindset’ that has been ingrained in many people who were raised in rentals has also held many eligible homeowners back.
- Busting the myths that keep prospective buyers out of the market:
- You can put as little as 3% down (not 20%)
- Your down payment can be a gift (don’t have to have saved it yourself)
- You can have less than perfect credit (credit score doesn’t have to be over 700)
- Homeownership as a transformative journey- The hard and soft benefits of homeownership.
- “Projects to Penthouse”- How Mallett’s childhood in the projects led to a passion for homeownership.
Topic Categories
Biography
About John W Mallett, America’s Mortgage Coach™
Known as America’s Mortgage Coach™, John W. Mallett has the unique ability to demystify the complexity of home loans and financing into easy to understand concepts. He has distilled those concepts in his book Buy Your first Home Today!, a comprehensive player’s manual for anyone sitting on the sidelines of today’s hypercompetitive housing market.
John has personally originated over one billion dollars in mortgage loans over the last two decades and is the founder and President of MainStreet Mortgage, located in Westlake Village, California. He received his undergraduate degree from Brigham Young University and an MBA degree from the University of Southern California. John and his wife, Carol, are the parents of three phenomenally talented and amazing children and reside in Southern California.
Learn more at www.JohnWMallett.com
Other Sample Topics:
- The 3 Keys to Win in Today’s Hyper-Competitive Housing Market
- Homeownership and the Single Woman
- Busting the myths that keep prospective buyers out of the market
- Should Homebuyers Pull Back? Have We Entered a Bubble that is About to Burst? Refinancing Do’s and Don’ts
- Reverse Mortgages
- Homeownership: A Mindset
- From the Projects to the Penthouse… How Mallett’s childhood in the projects led to a passion for homeownership
United States
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