Arranging your mortgage doesn’t have to be a baffling experience. Buying a home today is an extremely attractive proposition. Interest rates are at their lowest in decades and the housing market is full of homes to suit just about any budget or family requirement. Still, you’ll inevitably have to deal with financing and this will mean taking on a mortgage.

With today’s low interest rates, deciding to buy a home is one of the best decisions anyone can make. Financing such a big purchase, however, often means combining savings with money borrowed through a financial arrangement, commonly referred to as a mortgage.

Despite the low cost of carrying a mortgage these days, you should keep in mind “closing costs” in addition to your down payment for that dream home. These various charges can add up, and for the most part they are all legally required payments in buying a property. Here is a list of most of your major “closing costs.”

How to match the home you buy to your pocketbook. So, you’ve decided to take the big leap and purchase your first home. Most of us have a “dream home” tucked away at the back of our minds — complete with six bedrooms, two fireplaces and a panoramic view. Before setting off to view properties you likely can’t afford, step back and take a reality check.

Owning your own home has a lot of payoffs, especially these days when mortgage rates are still among the lowest in 30 years. There are also many housing options available in a wide range of prices.