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!
