Are you ready for a home purchase?
A major milestone in life is buying a first home, but the process of securing a mortgage may sound a little daunting.
The different paperwork, specifications, and fees alone can be complicated and confusing, especially the first time you deal with them.
The first step is to decide if you are ready, the next steps are to examine and evaluate each of the available mortgage options so that you are sure to get the best rates and phrases.
With a little bit of patience, you’ll be well on your way to a happy home buying experience.

Should I buy a home?
One of the most significant financial considerations made by a person or family is whether or not to purchase a home. The decision has more to do with your financial planning than it does with business dynamics that fluctuate continuously. The first step in deciding if it’s a good time to buy a home is to talk to a professional loan lender and hear more about all your choices.
How long would the process take for home loans?
The condition of each home loan is different, so it varies to correctly predict how long it will take for your home mortgage process. The form of a loan, the specific term you are requesting, the amount of needed paperwork, and the time it takes to send certain documents to your lender are some of the considerations that influence the timetable. Top Lending is here for you all over the process
How much of a Mortgage Can I Afford?
Your overall loan amount, including your gross income, existing loans, and the form of loan program you choose is primarily based on your current financial position.
Top Lending mortgage expert with professional vendors will Work together with you to assess the range of mortgage that you can afford.
Use Our Mortgage Calculator to estimate your monthly payment
Why it’s smart to follow the 28/36% rule?
Most financial advisers recommend that consumers can spend no more than 28% of their gross monthly income on housing costs and no more than 36% on overall debt. The 28/36% rule is the tried-and-true rule of home affordability that sets a baseline for what you can afford to pay each month.
Knowing what you can afford can help you take the next steps that are financially sound.
How to determine how much house you can afford?
Mortgage interest rates are at all-time lows right now which has made homeownership more attainable for many buyers, the housing budget will be determined in part by the terms of your mortgage. Here are some of the variables that can influence the terms of your loan, which in turn will affect what you will be able to buy: Credit score, Debt-to-income ratio, Down payment.
Lenders tend to give individuals with the highest credit scores, lowest debt and substantial down payments the lowest rates.
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