Can you afford to buy a home?
CNBC Television·2026-02-05 20:07
Can you afford to buy a home. Consider your debt to income ratio with the 2836 rule. Housing expenses shouldn't be more than 28% of your gross income.Total debt, no more than 36%. That doesn't mean you can't get approved for a mortgage if your ratio is higher. Just proceed with caution.For CNBC, I'm Sharon Eper. >> Sign up for the Money101 newsletter. Go to cnbc.com/money101. ...