Should I take a loan to make a down payment?

By many accounts, now is a great time to be a first-time home buyer. Prices are lower than they have been in years and, like one iVillager, you might find a great deal on a house or condo. But, as Carmen Wong Ulrich explains in this video, if you don't have the three Cs—credit, collateral and capacity to pay—buying a house might not be the best financial move for you.



If you have a financial question you'd like Carmen to tackle, post it here in the comments or email us directly at

Watch Carmen Wong Ulrich's 'On The Money' Weeknights at 10PM ET on CNBC! Find more information on coping with the economy with our Bail Yourself Out resources.

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