Lending 101 What Every Homebuyer Needs to Know Before Getting a Mortgage | AskChris

Buying a home starts long before you make an offer. In this episode of Ask Chris Real Estate, Chris Phillips sits down with returning guest David Manier of Primis Mortgage to break down the mortgage process in simple, practical terms. Whether you're a first-time homebuyer or preparing for your next purchase in the Middle Tennessee and Nashville real estate market, this episode explains the essential lending basics that can save you time, money, and unnecessary stress. Chris and David discuss why getting pre-approved should be your first step, the difference between a pre-qualification and a pre-approval, how monthly mortgage payments are calculated, and what buyers should avoid during the loan process. They also explain common loan options—including Conventional, FHA, VA, USDA, and specialty loan programs—and clear up misconceptions about credit scores, closing costs, interest rates, and down payments. If you're planning to buy a home in Murfreesboro, Nashville, or anywhere in Middle Tennessee, this episode will help you make informed financial decisions before you begin your home search. Episode Highlights • Learn why getting pre-approved before house hunting gives you a stronger offer and helps identify potential issues early. • Understand the differences between Conventional, FHA, VA, USDA, and specialty loan programs so you can choose the right financing option. • Discover the biggest mistakes buyers make before closing—including opening new credit accounts, financing large purchases, changing jobs, or moving money without proper documentation. Guest Information David Manier - Primis Mortgage, https://mortgage.primisbank.com/ 📞 Call Chris (615) 260-8811 for expert Nashville real estate guidance and home buying support 🏡 Explore Nashville real estate listings, home values, and expert guidance: https://thephillipsgrouptn.com/ 💬 What’s the biggest challenge or question you have about real estate right now? Let me know in the comments below 👇 🔔 Subscribe for Nashville real estate tips, home buying strategies, and market updates:    / @thephillipsgrouptn   --------------- 🎧 Listen on your favorite podcast platforms: ✔️ https://podcasts.apple.com/us/podcast... ✔️ https://open.spotify.com/show/5gYaAYu... ✔️ https://music.amazon.com/podcasts/5bf... ✔️ https://www.iheart.com/podcast/1323-a... ✔️ https://player.fm/series/3672631 ✔️ https://www.podchaser.com/podcasts/as... ✔️ https://www.boomplay.com/podcasts/133909 ✔️ https://askchrisphillips.podbean.com/ --------------- Welcome to the official YouTube channel of Chris Phillips and The Phillips Group, your go-to resource for Nashville real estate, Middle Tennessee homes for sale, and expert guidance on buying, selling, and investing in real estate. If you’re searching for how to buy a home in Nashville, best neighborhoods in Franklin TN, Brentwood homes for sale, or real estate market updates in Middle Tennessee, this channel is built for you. With nearly 20 years of experience, Chris Phillips shares proven strategies to help you navigate the Nashville housing market with confidence and clarity. ➡️ On this channel, you’ll find in-depth videos on buying a home, selling your house fast, home staging tips, home inspection checklists, mortgage strategies, interest rates, and real estate investing. We also cover relocation topics like living in Nashville, cost of living in Tennessee, and what to expect when moving to Middle Tennessee. Through the Ask Chris Real Estate Podcast, you’ll get real conversations with industry experts including lenders, inspectors, and home stagers, breaking down complex topics like mortgage rates, 2-1 buydowns, home inspections, and how to maximize your home’s value in today’s market. Whether you’re a first-time home buyer, a seasoned investor, or planning to relocate to Nashville, Franklin, Brentwood, or surrounding areas, this channel delivers practical real estate advice, local market insights, and step-by-step guidance to help you make smarter decisions. Subscribe for weekly Nashville real estate updates, home buying tips, and expert insights, and make sure to activate notifications so you never miss a new video. --------------- 📲 Follow Chris Phillips & The Phillips Group on social media! TikTok ▶️   / thephillipsgrouptn   X (Twitter) ▶️ https://x.com/Phillips_Group Instagram ▶️   / cphillips_therealestateman   Facebook ▶️   / phillipsgrouptn   LinkedIn ▶️   / chrisphillips-thephillipsgrouptn   📧 [email protected] --------------- #ChrisPhillips #AskChrisRealEstatePodcast