As a lender, go through the Information provided and determine if the clients quality for their fon request. Jesiah and Cassandra Hamiton have been married for 2 years. They are present living in an older home and have come to you seeking financing so that they can renovate their kitchers in their home. Jesiah has priced out the renovation project and brought in some written estimates. He estimates the cost of the renovation to be $37.500. Jesiah and Cassandra want to repay the loan over 5 years. Jeslah has taken a building construction course at NAIT is excited to use the skil he has learned The Hamitoo's house is valued at $320,000. The mortgage was for $281.600 with a 5-year term, amortized over 25 years at 3.12% Please Calculate the Monthly Mortgage Payment: (1 mark) Number They have made 17 payments on the mortgage. Please calculate the bortance owing on the loan. (1 mark) Number This branch approved the mortgage. Taxes are $207 a month and healing is estimated at 150 They currently have 50,500 in a joint savings account at the branch. Both of them contributes to an RRSP. Jesih has clear title to some undeveloped property 80 miles west of Edmonton he inherited a few years ago It is currently valued at $67,500. Eventually Jesian would like to build a cabin on the property but realizes that this is a long term goal Jerstah pays about $56 a month on the taxes Cassandra also has recently received an expensive painting from her grandmother valued at $20.000 with a certificate of authenticity Jesiah, 29, has been working for RV World for 6 years. He grosses $91,250 annually as lead Heavy Duty Mechanic, much of this is overtime income, Jesih has provided his Notice of Assessments for his income verification as you has requested (see attached) Cassandra, 25, is in her last year at the Of A Cassandra works part-ume at the U of A bookstore as a cashier she has provided a salary letter, she grosses approximately 512.280 per year. Her manager informed her she was going to receive a 1% increase next month. 43 months ago Jesilah bought a Ram for $43,000 and financed it with a loan (trom a competitor) for $38,700 at 5.08% for 7 years compounded monthly What is the monthly truck payment? Number (1 mark) What is the balance owing today for the truck? Number (1 mark) The current value of the Ram is estimated to be $21,200 Equifax shows he has never missed a payment and confirms that there are 41 months remaining on the installment loan Ratings on their credit cards from Costco ($3,000 credit TR1, RBC VISA (54,000 credit limitare R1, they do however have a Capital One MasterCard with a R1 rating credit lint 54 500) They both like the finer things in life. cards are continuously at the maximum credit limits. The do have a The Bay credit card reporting on their credit bureau with a limit of $2,000 but nothing is currently owing As a lender, go through the Information provided and determine if the clients quality for their fon request. Jesiah and Cassandra Hamiton have been married for 2 years. They are present living in an older home and have come to you seeking financing so that they can renovate their kitchers in their home. Jesiah has priced out the renovation project and brought in some written estimates. He estimates the cost of the renovation to be $37.500. Jesiah and Cassandra want to repay the loan over 5 years. Jeslah has taken a building construction course at NAIT is excited to use the skil he has learned The Hamitoo's house is valued at $320,000. The mortgage was for $281.600 with a 5-year term, amortized over 25 years at 3.12% Please Calculate the Monthly Mortgage Payment: (1 mark) Number They have made 17 payments on the mortgage. Please calculate the bortance owing on the loan. (1 mark) Number This branch approved the mortgage. Taxes are $207 a month and healing is estimated at 150 They currently have 50,500 in a joint savings account at the branch. Both of them contributes to an RRSP. Jesih has clear title to some undeveloped property 80 miles west of Edmonton he inherited a few years ago It is currently valued at $67,500. Eventually Jesian would like to build a cabin on the property but realizes that this is a long term goal Jerstah pays about $56 a month on the taxes Cassandra also has recently received an expensive painting from her grandmother valued at $20.000 with a certificate of authenticity Jesiah, 29, has been working for RV World for 6 years. He grosses $91,250 annually as lead Heavy Duty Mechanic, much of this is overtime income, Jesih has provided his Notice of Assessments for his income verification as you has requested (see attached) Cassandra, 25, is in her last year at the Of A Cassandra works part-ume at the U of A bookstore as a cashier she has provided a salary letter, she grosses approximately 512.280 per year. Her manager informed her she was going to receive a 1% increase next month. 43 months ago Jesilah bought a Ram for $43,000 and financed it with a loan (trom a competitor) for $38,700 at 5.08% for 7 years compounded monthly What is the monthly truck payment? Number (1 mark) What is the balance owing today for the truck? Number (1 mark) The current value of the Ram is estimated to be $21,200 Equifax shows he has never missed a payment and confirms that there are 41 months remaining on the installment loan Ratings on their credit cards from Costco ($3,000 credit TR1, RBC VISA (54,000 credit limitare R1, they do however have a Capital One MasterCard with a R1 rating credit lint 54 500) They both like the finer things in life. cards are continuously at the maximum credit limits. The do have a The Bay credit card reporting on their credit bureau with a limit of $2,000 but nothing is currently owing