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Gilles and Lisette seen their dream m house, which is offered at $300,000. Taxes are currently 10eiths house. Their current home on the south shore is fully 4 Lisette are planning to buy a new house in Outremont. They have 1000 ?.?.hey have received an offer to purchase for $120,000, which leaves ing the realtor and legal fees. They are planning to use ayment, and they will cover other costs from their savings. t gross income is S65,000 the next six years, at this for the down ordential mortgage rate for a five-year term is 7.9%. Their combined p.a. and they will be paying off a student loan for a rate of $229 per month. How much will their monthly mortgage payment be if they take a five- year term, amortized over 25 years? 5) Will they qualify for a first mortgage of $190,000 under normal bank e) If they do get a mortgage, what will be the outstanding balance after lending practices? four years