Mortgages are a great way of finally owning that dream house.
However, if not well planned out, a you might end up buying far too much for it. Besides, large mortgage payments have additional charges associated with them, such as insurance, property taxes, and maintenance bills.
These costs overstretch your income and can quickly land you in a foreclosure or worst cases, bankruptcy. So how can a homeowner tell whether he or she is on the path to bankruptcy?
Here are seven red flags.