Buying a home is one of the most expensive investments. After all, there is a lot at stake in the decision to purchase the right home.  This  is why most people find the process quite overwhelming.  So they  end up making a few mistakes, which  can  sometimes  turn out to  cost a lot of money.  Learning about the common mistakes people make before buying a new house can help  avoid  such situations. Mistakes to avoid Here are a few common mistakes that most people make when buying a house: 1. Forgetting to monitor credit reports Sometimes, home buyers might have credit issues they are unaware of. These issues might be related to a history of late payments, debt collection actions, or significant debt. In such cases, mortgage lenders are often reluctant to offer the best terms. It might also happen that they will reject the mortgage application. Such situations generally arise when the home buyer’s credit score exceeds 620. Be sure to check the credit report before starting the house hunt to avoid such problems. A home buyer can easily request a credit report from any credit reporting agency, such as Transunion, Equifax, or Experian. While checking the report, make sure to look for any errors.