I want to go house shopping, and I want to know what I can afford to buy.
There is a formula that can help us figure that out. What is your annual salary?
I earn sixty five thousand dollars per year.
What is the length of time that you have worked at the job you have now?
I have been at the job I now have for 2 years, and I have been with the company for 6 years total.
Do you receive any other income?
I own a small rental unit with a partner, and I receive five hundred dollars a month from that unit.
Do you know what your credit score is?
I don't know, but the last time I checked, it was very good!
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!