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please show work As a lender, go through the information provided and determine if the clients qualify for their loan request. Jesiah and Cassandra Hamilton
please show work
As a lender, go through the information provided and determine if the clients qualify for their loan request. Jesiah 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 desish has priced out the renovation project and brought in some written estimates He estimates the cost of the renovation to be $32,500 Jesiah and Cassandra want to repay the loan over 5 years Jesah has taken a building construction course at NAIT is excited to use the skills he has learned The Humiton's home is valued at $360,000. The mortgage wan for $316.900 with a 5-year term amortized over 25 years at 3.099 Please Calculate the Monthly Mortgage Payment Number (1 mark) w They have made 21 payments on the mortgage Please calculate the balance owing on the loan Number It man Step by Step Solution
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