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.
Sounds weird, doesn't it? But think how much fun that would be! No mortgage! No payments! If paying cash for a house seems too far out of reach, you can still buy a house if you make wise choices. Save a down payment of at least 10% on a 15-year (or less) fixed-rate mortgage, and limit your monthly payment to 25% or less of your monthly take-home pay. You can probably qualify for a much larger loan than what 25% of your take-home pay will give you. But it's not wise to spend more on a house because then you will be what Dave calls house poor. Too much of your income will be going out in payments, and that will put strain on the rest of your budget. You won't be able to save and pay cash for furniture, cars and education. The really interesting thing about 15-year mortgages is that they always pay off in 15 years. Thirty-year mortgages are for people who enjoy slavery so much they want to extend it for 15 more years and pay thousands of dollars more for the privilege. If you must take out a mortgage, pretend only 15-year mortgages exist.