10 points Choose one of the following three activities: 5 (A) If you are a renter or plan to rent upon graduation: Financial planning activities #2 on page 249. Your best bet is to use a rental listing website such as kijiji, viewit.ca, or PadMapper.com for available rentals. Choose three options (in your price range and perferred neighbourhood) and compare them. (B) If you currently own a home: Do an analysis on your current mortgage. What is your current rate, term, amortization period and payment? Search for other mortgage options. Might it benefit you to switch? Discuss why or why not. Is there a prepayment penalty? The calculation is not necessary but if you are interested, I have materials to help you calculate it. (C) If you are looking to purchase a home in the near future: Look up home prices in the area you want to buy. Do your best to estimate your GDS and TDS. How much home can you afford? Look up current interest rates (see next problem) and calculate what your monthly payment would be for the average priced house in the area you are looking. Mortgage terms are up to you to decide. Based on this information, what can you ascertain about your ability to afford a home? Skipped eBook Print References Essay Toolbar navigation ! BIUS This question will be sent to your Instructor for grading. all A k

(1) This question will be sent to your instructor for grading. Choose one of the following three activities: (A) If you are o tenter or plan to rent upon graduntion. Financial planning activites $2 on page 249 . Your best bet is to use a /entat listing Website such as kifip, viewitca, or PadMopporcom for avalable rentals, Choose three options fin your price range and perferred neightootiood) and compare them. (B) If you currenty own a home Do an analysis on your current mortgoge. What is your current rate, term, amortization period and payment? Search for other mortgoge options. Might it benefit you to switch? Discuss why or why not. is there a prepoyment penalty? The calculation is not necessary but if you ore imerested, 1 have materials to belp you calculate it (C) If you are looking to purchase o home in the near future, Look up home pricts in the area you want to buy. Do your best to estimate your GDS and TDS. How much home cen you atford? Look up curtent interest tares foee next probieny and calculate whot your monthly payment would be for the overage priced bouse in the area you ote looking. Mortgoge terms are up to you to decide Pased on this information, What can you ascestain ebout your ability to afford a home