Want to buy a home? Your to-do list is long — and pricey. Secure a job that pays enough. Build good credit. Line up a down payment. And then, of course, find a house or condo that's actually in your budget.
But for many homebuyers, financial decisions from years ago add one more barrier during that process: debt.
Too much debt can prevent a prospective homebuyer from getting a mortgage. And in America, that problem doesn't affect everyone equally.
