5 Personal Finance Mistakes That Can Make Homeownership a Nightmare

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Buying a home is often one of the biggest financial decisions Americans will make during their lifetime. Homeownership is often viewed as a sign of success in America, and for many people there's nothing quite like the feeling of knowing that you're in control of your own domain.

But buying a home isn't something that consumers should take lightly. It's a major responsibility that can have big repercussions if you aren't careful. Here are five of the most common personal finance mistakes that current and prospective homeowners should be careful to avoid.

1. Buying too much house for your pocketbook

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