Conversation 1: I need to see if I qualify for a home loan. - I can help you. How much money do you make per year?

I make around one hundred thousand dollars per year. - How long have you been on your current job?

I have only worked at this job for 6 months, but I have a longer job history elsewhere.

Do you have any other outside income from rental property or a trust? - No, I only receive my salary.

Do you know your credit score? - I think that it is around 600.

By crunching the numbers and putting in your expenses, I estimate that you can afford a house of around five hundred thousand dollars.

Conversation 2: I am trying to see if I can afford to purchase a home that I wish to buy.

We can figure that out right now. How much do you earn annually?

My wife and I earned one hundred and fifty thousand dollars last year.

How many years have you held your current position? - I have been at my current job for 10 years.

Is there any extra income that you receive other than salary? - I collect one thousand dollars a month from a rental property.

Have you ever figured out your credit score? - I try not to think about it!

Adding in your expenses, I calculate that you can spend three hundred thousand on a house.

Conversation 3: 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!