Date:uly 25,2016 Suranne Bonrowar and lack Bortowi Current Address 5578 Reriter Bodelerd. Torota 0 M Mis 1/1 Dear Suzanne and jack I am pleased to atvise you that the folloxingloar to be secired by a rortzas on the subject property, has been approved prowid in this al the irlartafen sazplad is. correct and subject to the conditions outined. This commina is s not tressfurable and B the benefitmay not be assigned. 1) Property Value 51,000,000 MaxLTV 80% Purpose Purchase E: Payment Amount - 53.01254 - Tarpotiorn Na - Totalpojidotes3\$1254 2 II Interest Rate 1 Payment Frequency annually Monthily .1 Applicant(s) - Security Address: 5678 Renter Boulevard. Toronto, ON, MIS INI L C0-Applicant(s) N/A Your clients are reviewing the commitment letter from Toronto Lending corportion and are asing you how much of a prepayment they can make and how much thay can increasethei pajncet to f they are up to date on all of their mortgage payments. What will you tell them? Select one: a. Lump sum payment of $200,000 and increase to 54,575.05 b. Lump sum payment of $163,600 and increase to 57,625.08 c. Lump sum payment of $100,000 and increase to 57,625,08 d. Lump sum payment of $200,000 and increase to 53,812.54