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Leigh is getting tired of living in the house and sharing a kitchen with everyone. She decides it is time to start looking for a house to purchase. She likes the town and the neighborhood, so she doesn’t want to move far. In walking around the neighborhood, Leigh notices “for sale by owner” and real estate signs in several of the yards. Before talking to a banker and a realtor, she wants to know how much she can afford.

What steps would you suggest Leigh take in determining how much she can borrow?

A summary of the housemates’ goals can be found in the first Continuing Case problem in Chapter 1.

Continuing Case problem in Chapter 1

Throughout the text, the continuing case scenario at the end of each chapter will involve situations encountered by the housemates of 906 East College Street. All of the residents are either current students or recent graduates. Leigh, Blake, and Nicole are siblings. Their parents bought the home, which is close to campus, as an investment when Leigh started at the university her freshman year. The following profiles describe each of the housemates and their intermediate goals. 

1. For each housemate, identify a SMART short-term goal that supports his or her success in achieving an intermediate goal.

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