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?
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.
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.
Debbie, 48, and her family have lived in their Bay area California home for 12 years. It's at the top of the market in their neighborhood. The home they want to purchase would be at the low end of the luxury area where homes are valued at $2 million to $10 million. She believes buying this home would offer better appreciation.
How they would pay for it:
Debbie and her family want to sell their current home and net approximately $1 million — $1.2 million, using that plus $500K — $600K out of liquid savings for a down payment. They would finance the rest.
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.
Laura, 55, lives in Denver and would like to buy a retirement home in Greece. She is thinking of retiring in 10 years and has family members that live in Greece. Laura owns her primary residence, but has an equity line of credit on it.
How she would pay for it:
Laura would like to use 10 percent of her liquid savings and finance the rest.
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.