Your aunt and uncle are aware that you are taking a finance class and have come to your for advice. They are currently renting an apartment for $775 per month, ut they are considering purchasing a house in the Cleveland, TN area. Thier children are grown, which means they are not concerned with the school district or finding a certain number of bedrooms. Their credit history is clean, which means they should be approved for a loan, however, the amount they use for rent is the maximum amount they could spend on a monthly mortgage loan payment. They have approximately $18,000 in savings that could be used for a down payment. They are seeking your advice as to whether thye should purchase a home, the approximate price range they should consider, the term of financing (number of years), and whether they should use all or some of their savings as a down payment.