Mary and John have been married for 3 years and both have full time positions in Columbus, Ohio. They are thinking about having children in the next few years, but would like to buy a house before having kids.

Should Mary and John buy a house in next year? create a paper justifying your answer using all of the appropriate tools we have learned up to this point.

Here is some basic information on their financial situation:

• Their combined household income is $78,000.
• They have $13,000 in student loans.
• They currently have a $375 monthly payment on their auto loan and have 39 months of payments left.
• They have saved up $9500 that they planned to use as a down payment, but may be able to borrow more from Mary's father.
• Mary has a credit score of 740 and John has a score of 690.

You will also need to find out some basic information on the cost of living in Columbus, Ohio; House costs in the area and current mortgage rates. Here arefew links to get you started.

Cost of living:http://www.bestplaces.net/cost_of_living/state/ohio(Links to an external site.)(Links to an external site.)

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Housing costs:http://www.trulia.com/home_prices/Ohio/Columbus-heat_map/(Links to an external site.)(Links to an external site.)

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Mortgage rates:https://www.zillow.com/mortgage-rates/(Links to an external site.)(Links to an external site.)

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