A: I want to go house shopping, and I want to know what I can afford to buy.
B: There is a formula that can help us figure that out. What is your annual salary?
A: I earn sixty-five thousand dollars per year.
B: What is the length of time that you have worked at the job you have now?
A: I have been at the job I now have for 2 years, and I have been with the company for 6 years total.
B: Do you receive any other income?
A: I own a small rental unit with a partner, and I receive five hundred dollars a month from that unit.
B: Do you know what your credit score is?
A: I don’t know, but the last time I checked, it was very good!
B: You are in good shape. Figuring in your other expenses, you can easily afford a house costing seven hundred thousand or maybe even a little more!
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