Buying a home is no small thing. A home is one of the biggest and most stressful purchases many people will make in their lifetime.

While the process can be intimidating — saving for a down payment, applying for a mortgage, closing costs, credit reports, and the list goes on — the end result (home ownership) is often well worth it. Unlike renting, entering into a mortgage can give you a financial asset with equity.

Di Morais, President of Consumer and Commercial Banking Products at Ally, appeared on a recent episode of Your Cheddar, our weekly livestream in collaboration with Cheddar, to discuss the current mortgage landscape and share advice for anyone who is considering buying a home. See a clip from Di’s segment below.

One common obstacle in buying a home can be not feeling financially prepared to enter into a mortgage. If you’re feeling overwhelmed or intimidated by the prospect of purchasing a home, maybe all you need is a shift in perspective.

Younger millennials especially might feel that owning a home is out of reach — but that’s not necessarily true. With interest rates at an all-time low and customized mortgage options on the rise, there’s a good chance that buying your dream home is more achievable than it may seem.

Find the Right Mortgage Option For You

There are plenty of different mortgage options today — whether you’re looking for a lower down payment or a shorter term — you can find a customized program for nearly every situation. Of course, with varying rates and terms, there will be trade-offs. Start by educating yourself. Do a little bit of research on what options exist.

From there, the best advice we can give you is to discuss your situation with a professional to find a good fit. A good lender will be specialized in helping consumers determine what options are best for each individual’s situation based on variables like how long they’re planning to commit to a home, price range, and other preferences.

While considering mortgage options, there is one more aspect you should always consider — yourself as a customer! It’s critically important to choose a lender that is committed to making the process easy for you. Getting a mortgage can be a complex process that requires several steps. And there’s a good chance you’ll continue interacting with your lender for years into the future. Don’t discount the importance of customer service and an easy, online process.

Learn More about Ally Home Loans

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