A client has just submitted an online application to you. In the application he has listed his employer as Blue Landscaping LLC where he is employed as a Sales Manager earning an hourly rate. In addition, he works part-time as a bartender and earns tips, which he pays taxes on. You have decided that you will need these tips for him to qualify for the mortgage. Given this scenario, what documentation will you request from him? Select one: a. An income tax return from the bar and NOA from Blue Landscaping b. A job letter from both Blue Landscaping and the bar showing salary c. T4As and T4s from both Blue Landscaping and the bar d. A T4 from the bar and a job letter from Blue Landscaping A real estate agent has referred you a married couple who wish to purchase a home. After reviewing their application you have calculated that they need $299,000. In reviewing the products in the market you are advising that they take weekly payments over a 3 year term at 3.89% compounded semi-annually with a 25 year amortization. You have calculated that the payment for this proposed mortgage is $358.41. They have told you that they also have a car payment of $525 per month, annual car insurance of $3,000, an RRSP contribution of $30 per month by payroll deduction, a weekly loan payment of $65 and total monthly credit card payments of $700. Their property taxes are $2,800 per year. His annual income is $52,500 and she earns 4,750 per month. Given this information what is their TDS? (Use $75 per month for heat) Select one: a. 39.64% b. 36.08% c. 36.91% d. 23.82% When presenting the borrower disclosure to a prospective borrower, the mortgage agent is also required to provide him or her with: Select one: a. The Lender's Commitment Letter b. A Creditor Insurance Request or Waiver c. APIPEDA consent form d. An Amortization Schedule