First Time Drivers. Under Arizona MVD guidelines, you must be at least 15 years and 6 months old to apply for a learners instruction permit. All applicants are required pass a written exam and vision test in order to obtain the permit.
For example, if you make $60,000 a year and have no debts, you can afford to spend about $1,500 a month on principal, interest, taxes and insurance without breaking the 30% rule. To keep housing costs down to 25% of your income, as Weston recommends, you'll have to spend $1,250 or less.Nearly 37% of homeowners with a mortgage -- 19 million people -- now spend more than 30% of their income on housing.or example, if you make $60,000 a year but you spend $300 a month on car payments, $125 on credit card bills and $200 on student loans, the 36% rule would limit your monthly housing costs to $1,175. It's easy to put these rules to work.
This leaves you with the deposit that you feel you can afford to put down towards the cost of your home. How much you can borrow as a mortgage will depend on: 1  the size of your deposit.2  Your deposit will almost certainly have to be at least 10% of the value of the property (and often more), so the size of your deposit limits how much you can borrow.his leaves you with the deposit that you feel you can afford to put down towards the cost of your home. How much you can borrow as a mortgage will depend on: 1  the size of your deposit.