1. You have not established a primary budget. You need to establish a budget and stick to it! You don’t want to be house poor.
2. You are not ready to settle down. A mortgage is a big commitment! Make sure you can be committed to this investment for the next 5 years minimum.
3. You’re putting all your eggs into one basket. Make sure you have money left over after your downpayment for any unforeseen expenses that may occur after you take procession.