As a lender, go through the Information provided and determine if the clients quality for their loan request. Josiah and Cassandra Hamilton have been married for 2 years. They are presently living in an older home and have come to you seeking financing so that they can renovate their kitchen in their home. Jesinh has priced out the renovation project and brought in some written estimates. Ho estimates the cost of the renovation to be $35,000. Josiah and Cassandra want to repay the loan over 5 years, Jerlah has taken a building construction course at NAIT is excited to use the skills he has learned The Hamilton's house is valued at $275,000. The mortgage was for $918,750 win a 5-your term, amortized over 25 years at 2.00% Please Calculate the Monthly Mortgage Payment (1 mark) Number They have made 26 payments on the mortgage. Please calculate the balance owing on the loan Number (1 mark) This branch approved the mortgage. Tuxes are $313 a month and heating is estimated at 5175 They currently have $10,000 in a joint savings account at the branch Neither of the contributes to an HRSP Josiah has clear to some undeveloped property 80 miles west of Edmonton ho inherited a few years ago. It is currently valued at $60,000. Eventually Jesih would like to build a cabin on the property but realize that this is a long term goal. Josiah pays about $50 a month on the lines. Cassandra also has recently received an expensive painting from her grandmother valued at $40,000 with a certificate of authenticity Jesih, 29. has been working for RV World for years. He grosses $87,080 annually as tead Heavy Duty Mechanic, much of this is overtime incomo. Josiah has provided his Notice of Assessments for his roome verification as you has requested to attached) Cassandra 25, is in her last year at the UA Cassandra wortis part time at the of bookstore as cashier she has provided yet, she grosses promoly $20,080 per year. Har manager home her she was going to receive a 1% increase next month OM 10 months ago Jeslan bought a Tunden for $53,000 and tranced it with a loan (from a competitory to $47.700 at 6. tov 6 years compounded monthly What is the mostly truck payment Number Ima What is the balance owing today for the truck Number 11 ) The current value of the Tundra is estimated to be 56.200 Coulex shows he has never missed a payment and confirms that there are so months remaining on the intention aninge on their credit cards from Costco ($1,500 credit, ABC VISA ($2,000 credit they do nowever have a cap One Mastered with credit. They boete thing in cards are continuously at the maximum. The blay credit reporting on the creditoru with limit of 1000 buting is currently in Josiah recently reolved an inheritance in the amount of $3.000 Currently he has invested in a GIC. Josiah does not want to access those funds at this time and would like the funds to remain as is. He is planning on wing these funds in the future to build a cabin on his land As a lender, go through the Information provided and determine if the clients quality for their loan request. Josiah and Cassandra Hamilton have been married for 2 years. They are presently living in an older home and have come to you seeking financing so that they can renovate their kitchen in their home. Jesinh has priced out the renovation project and brought in some written estimates. Ho estimates the cost of the renovation to be $35,000. Josiah and Cassandra want to repay the loan over 5 years, Jerlah has taken a building construction course at NAIT is excited to use the skills he has learned The Hamilton's house is valued at $275,000. The mortgage was for $918,750 win a 5-your term, amortized over 25 years at 2.00% Please Calculate the Monthly Mortgage Payment (1 mark) Number They have made 26 payments on the mortgage. Please calculate the balance owing on the loan Number (1 mark) This branch approved the mortgage. Tuxes are $313 a month and heating is estimated at 5175 They currently have $10,000 in a joint savings account at the branch Neither of the contributes to an HRSP Josiah has clear to some undeveloped property 80 miles west of Edmonton ho inherited a few years ago. It is currently valued at $60,000. Eventually Jesih would like to build a cabin on the property but realize that this is a long term goal. Josiah pays about $50 a month on the lines. Cassandra also has recently received an expensive painting from her grandmother valued at $40,000 with a certificate of authenticity Jesih, 29. has been working for RV World for years. He grosses $87,080 annually as tead Heavy Duty Mechanic, much of this is overtime incomo. Josiah has provided his Notice of Assessments for his roome verification as you has requested to attached) Cassandra 25, is in her last year at the UA Cassandra wortis part time at the of bookstore as cashier she has provided yet, she grosses promoly $20,080 per year. Har manager home her she was going to receive a 1% increase next month OM 10 months ago Jeslan bought a Tunden for $53,000 and tranced it with a loan (from a competitory to $47.700 at 6. tov 6 years compounded monthly What is the mostly truck payment Number Ima What is the balance owing today for the truck Number 11 ) The current value of the Tundra is estimated to be 56.200 Coulex shows he has never missed a payment and confirms that there are so months remaining on the intention aninge on their credit cards from Costco ($1,500 credit, ABC VISA ($2,000 credit they do nowever have a cap One Mastered with credit. They boete thing in cards are continuously at the maximum. The blay credit reporting on the creditoru with limit of 1000 buting is currently in Josiah recently reolved an inheritance in the amount of $3.000 Currently he has invested in a GIC. Josiah does not want to access those funds at this time and would like the funds to remain as is. He is planning on wing these funds in the future to build a cabin on his land