1.a) You are in the Vancouver market for a house. Your effective special offer borrowing rate for a 5 year term house mortgage from a chartered bank is 5.65%. The vendor of the house you are considering purchasing is willing to take back a $720,000,5 year due-on-sale mortgage at 3.69%, with a 25 year amortization. The asking price on the house is $800,000. What is the value of the financing concession for this house? If you decide to take up the chartered bank mortgage and have a 10% down payment, what will be the all-in borrowing rate if the CMHC mortgage insurance premium is assessed at 3.1% of the mortgage value? 1.a) You are in the Vancouver market for a house. Your effective special offer borrowing rate for a 5 year term house mortgage from a chartered bank is 5.65%. The vendor of the house you are considering purchasing is willing to take back a $720,000,5 year due-on-sale mortgage at 3.69%, with a 25 year amortization. The asking price on the house is $800,000. What is the value of the financing concession for this house? If you decide to take up the chartered bank mortgage and have a 10% down payment, what will be the all-in borrowing rate if the CMHC mortgage insurance premium is assessed at 3.1% of the mortgage value