Financial Planning for Buying Your First Home

Financial planning for buying your first home

Explore the steps ahead in your mortgage process.

[MUSIC PLAYING] BB&T Mortgage Loan Professionals recommend four steps to help make your first home buying experience a success. Here's your financial planning checklist. Examine your budget to figure out how much home you can afford. Know the true costs of homeownership. Make sure your credit report is accurate. Find a mortgage program that fits your needs.

Examine your budget. You probably know how much you spent on your morning coffee and gas today. But do you know what you spend on food this month? Your home is one of the largest purchases you'll ever make, and being aware of all your expenses helps determine how much home you can afford. Our free online BB&T mortgage calculator can help you discover what you really spend and help you budget for your purchase.

Know the true costs. That home sales flyer shows a price, but that price doesn't convey the true cost of homeownership. Be sure to account for taxes, insurance, utility bills, homeowner's dues, and regular home maintenance expenses, along with any renovations you want to make.

Check your credit. The types of mortgages you're offered, as well as the interest rates you qualify for, are determined in large part by your credit score. So it's important to check your report for accuracy and to see where you can make improvements. Visit for a free copy of your credit report today.

Find the best mortgage for you. Mortgages are not one size fits all. But we can help you find the perfect mortgage product, rate, and term that meet your financial goals. Contact a local BB&T Mortgage Professional today, or visit to research your options. Knowing you have a solid financial plan can help put you on the path to homeownership.

At BB&T, we provide a positive home buying experience with easy to follow instructions and clear communication to help make your dream home a reality. Visit to get started.

Keep educating yourself and get a clearer picture of homebuying.

Contact us

Interested in a mortgage? Call 888-946-8730.

Already have a mortgage with BB&T? Call 800-295-5744.

Loans, lines of credit and credit cards are subject to credit approval.

All BB&T mortgage professionals are registered on the Nationwide Mortgage Licensing System & Registry (NMLS), which promotes uniformity and transparency throughout the residential real estate industry. Search the NMLS Registry.

Branch Banking and Trust Company is a Member FDIC and an Equal Housing Lender.