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Brian owns a high rise condominium valued at s700,000. Ithas a mortgoge with an outstanding balance of $530,000. He would like to refinance this morggage,

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Brian owns a high rise condominium valued at s700,000. Ithas a mortgoge with an outstanding balance of \$530,000. He would like to refinance this morggage, and find cuthow much in toalhe qualifes to borrow. Brian has informed you that the monthly condominium maintenance fee is 5610 and the property taxes are $5,800 per year. His monthly income is 57,500 . In addition Brian has a car payment of 5500 per month credit card payments of $230 per month and a loan payment of 575 bi-weekyy. Brian also makes weety contributions of 550 to his RRSP. spends 5120 per month for his car insurance, 5100 per monthon hazt and has a life insurance policy that costs him 560 per month. Based on this scenario what isthe maximum monthly mortgage payment for which Brain qualifies based on a TOS of 404 ? Select one: a. $1,219.17 b. 5994.50 c. 5814.50 d. 5906.17 Brian owns a high rise condominium valued at s700,000. Ithas a mortgoge with an outstanding balance of \$530,000. He would like to refinance this morggage, and find cuthow much in toalhe qualifes to borrow. Brian has informed you that the monthly condominium maintenance fee is 5610 and the property taxes are $5,800 per year. His monthly income is 57,500 . In addition Brian has a car payment of 5500 per month credit card payments of $230 per month and a loan payment of 575 bi-weekyy. Brian also makes weety contributions of 550 to his RRSP. spends 5120 per month for his car insurance, 5100 per monthon hazt and has a life insurance policy that costs him 560 per month. Based on this scenario what isthe maximum monthly mortgage payment for which Brain qualifies based on a TOS of 404 ? Select one: a. $1,219.17 b. 5994.50 c. 5814.50 d. 5906.17

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