'Can I Afford It?' Home Edition
This special edition of the Suze Orman Show focuses on buying, renovating and decorating homes. But, Can they afford it? Check out their money stats, then YOU make the call.
Do you think the following home buyers qualify?
Caroline, 25, and her fiancé graduated college a couple of years ago. They just got engaged and are looking to buy their first home.
How they would pay for it:
The couple is thinking about using 3-5 percent of their savings as a down payment.
- Income: $6,700/combined
- Expenses: $3,646/mo., rent $1,650/mo.
- Debt: $46K Student Loans @2.48% - 6.8%
- Savings: $21K Liquid, $9K Investments, $715.00 Retirement
Would you approve or deny?
Will Suze approve or deny? Find out on the Can I Afford It? Home Edition
of The Suze Orman Show, Saturday, June 19th on CNBC, 9p ET.