ethanol/water solution is still flammable since the concentration of ethanol is still fairly rich. Phase separation can occur in fuel storage systems where water is known to be present. Blending these fuels together alters the physical and chemical characteristics of the original. fuels.
If your credit history is good, the lender may let you take out a mortgage with a monthly payment equal to 30% or even 40% of your gross monthly income.In our example, 40% would get you a yearly mortgage payment of $20,000 or $1,666.66 per month.hat $50,000 gross income is reduced to $36,000 net after 28% goes to pay taxes. Taking $20,000 out of that to pay the mortgage leaves you $16,000 to live on for the year. On a monthly basis, that's $1,333.33.
Your lender doesn't know about that, so the $1,400 mortgage it says you qualify for today may not fit your actual budget in five years -- particularly if you don't see your income increasing too much over that period. Take a look at this calculator to see how much house you can afford based on your current income. In general, it's more difficult to qualify for a mortgage now than it was during the housing boom, when just about any motivated homebuyer could find credit -- even many who couldn't afford to buy a house.