7 signs you can't afford to buy a home

Flickr/Eneas de Troya

Making the leap from renting to buying is thrilling and liberating - for many, it signifies the realization of "the American Dream."

Buying a home is also a long-term commitment, and one that requires strong financial standing.

If any of these signs strike a chord, you may want to delay taking on a mortgage in the near future.