Your friend is hoping to buy a home in the next few years. What should your friend know about the process of finding and paying for a new home? Then consider what you learned in the Wk 3 Learning Path video, "Demonstration Problem Video 6.5: Calculating an Affordable Home Price" in WileyPLUS. How would your friend determine what is affordable?

To purchase a new home, they should first be able to afford a way which will have houses itself on budget and should be able to check all similar houses in the area but in others. To pay for the new house, he may pay directly if he does have the amount of money, or if he's had a home mortgage that is also recognized as a car loan, meaning according to his credit history, he receives a loan against the price of a property he plans for purchase, and therefore, that interest rate is decided.

To order to calculate what is reasonable, they need to find out just how much cash he has as well as how many loans he would pay to be compensated for by the EMI on schedule.
He should be good at all the financial products he allows usage of it for a better credit record. For a successful FICO score to also be kept, the individual needs to pay the credit card debts and other expenses, like utilities or electricity.
He must not make many banks' loan applications since the more requests he creates, and the affected is his FICO score, spoiling the credit record.