Who is this series for?

🔹 First-time buyers who want a clear roadmap.
🔹Move-up buyers ready for or on the path to their dream home.
🔹Investors looking to get started with a smart strategy and are considering options.
🔹 Anyone who hates surprises and wants to be fully prepared for their Home Buying journey!

David Mercier introduces the ultimate home-buying guide, walking you through every step of the process, from pre-approval to move-in day!

Pre-approval is when a lender evaluates your financial situation and confirms how much they’re willing to lend you. It’s different from pre-qualification, which is more of an estimate. With pre-approval, you’ll get a letter that proves to sellers and agents that you’re serious and financially ready to buy a home. 

✅ Why Pre-Approval Should Be One Of Your First Steps

Stronger Offers: Sellers take pre-approved buyers seriously because it shows you’ve done your homework and can secure financing.

Clear Budgeting: You’ll know exactly how much home you can afford, saving you time and disappointment.

Avoiding Heartbreak: Falling in love with a home outside your budget—or missing out because you’re unprepared—can be devastating. Pre-approval ensures you’re ready to act fast.

‼️ Pro Tip: Know what your monthly payment maximum is for your housing and use that to back into the budget for your home purchase. Don’t let lenders push you into a payment you’re not comfortable with. 

✅ Shop Around for the Right Lender

Not all lenders are created equal! Here’s why you should meet with 2-3 lenders before committing:

Better Rates: Comparing lenders can save you thousands over the life of your loan.

Different Loan Options: Some lenders might offer programs that are a better fit for your financial situation.

Customer Service: Your lender will be with you through the home-buying process. Make sure you feel comfortable with them.

‼️ Pro Tip: Don’t be afraid to ask questions about interest rates, loan terms, and closing costs. You’re not just borrowing money—you’re making a big investment!

If you need some lender recommendations, reach out. I’ve worked with a number of them and they all have different benefits to offer. Remember you’re interviewing them, not the other way around!

✅ How to Prepare for Pre-Approval

If you have a traditional job, be prepared to gather the following:

▪️Proof of income (pay stubs, W-2s, or tax returns).
▪️Proof of assets (bank statements, investment accounts).
▪️Credit history.
▪️Identification.

Don’t have a traditional W-2 job? That’s okay—you can still get a mortgage! In fact, there are several alternative ways to qualify for a home loan, even if you’re self-employed, a freelancer, or a business owner. Lenders often offer programs based on bank statements, tax returns, or even asset-based income, giving you flexible options to prove your ability to repay the loan. It just takes the right strategy—and the right lender—to make it happen.

✅ The Risks of Skipping Pre-Approval

If you skip this step, you risk:

▪️Losing your dream home to a prepared buyer.
▪️Spending time looking at homes outside your budget.
▪️Facing delays during the offer process.

Your Takeaway

Getting mortgage pre-approved isn’t just a smart move—it’s a necessary one. It gives you the power to make confident, informed decisions and stand out as a serious buyer. Take the time to meet with multiple lenders, ask questions, and get pre-approved before you start shopping for homes. Trust me, it’s worth it!

Reach out when you’re ready to get started! Use this contact form or DM me on Instagram @davidkmercier

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