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1) Peter and Sara apply for a mortgage to purchase a house appraised for $1,450,000 a) What is their minimum down payment? (2 marks) 14h

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1) Peter and Sara apply for a mortgage to purchase a house appraised for $1,450,000 a) What is their minimum down payment? (2 marks) 14h b) What is the maximum mortgage amount they could qualify for? (1 mark) c) Based on the above, what is the maximum LTV % (1 mark)

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