It is June 28, 2022, Simon and Simone are looking to buy their first home but prices during this pandemic seem especially high. They are looking to purchase a condo that is on the market for $290,000.

a) What would be the minimum down payment that they would need if they wished to qualify for a conventional mortgage?

It is June 28,2022 , Simon and Simone are looking to buy their first home but prices during this pandemic seem especially high. They are looking to purchase a condo that is on the market for $290,000. a) What would be the minimum down payment that they would need if they wished to qualify for a conventional mortgage? (1 mark) Conventional mortgage calculation (1 mark)