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Please refer to the following answers to answer Section 8:

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Section 8:

Amortization Mortgage Amount From Previous Question $378102 20 Years -PY P 1 Months P2 Months Present Value of Loan (PV 378102 43 197 Number of Periods (N) 240 Monthly Payment (PMT) 2136.91 BALANCE OWING (BAL) 326885.085 Mortgage Rate As % 0/Y) 3.21 Value At End of Loan (FV) 176.938 PRINCIPAL PAID (PRN) 51216.915 Section Value: 7 INTEREST PAID (INT) 40670.424 Submit Answers Amortization Mortgage Amount From Previous Question $378102 25 Years - P1 Months P2 Months Present Value of Loan (PV 378102 43 257 Number of Periods (N) 300 Monthly Payment (PMT) 1834.57 - BALANCE OWING (BAL) 340643.538 Mortgage Rate As % (V/Y) 3.21 Value At End of Loan (FV) 206.098 - PRINCIPAL PAID (PRN) 37458.462 Section Value: 7 Submit Answers - INTEREST PAID (INT) 41428.167 Section 8 - Qualification Part 1 With your Annual Income of: $136826.85 and the figures you already determined for a Stress Tested Monthly Mortgage Payment, and Property Tax of $, calculate Gross Debt Service Ratio. Assume the cost of heating the home will be $215.67. Do you qualify to purchase this home based on GDS Ratio? If not, what is the income that you would require? - Total Monthly GDS Expenses GDS Ratio as a % ie: 3.45% Do they Qualify on GDSP Part 2 If you have consumer debt servicing in the amount of $836.16 per month What is the the TDS ratio? Do you qualify for the purchase based on this number? If no, what is the income required to qualify? -- Total Monthly TDS Expenses TDS Ratio as a % le: 3.45% Do they Qualify on TDS- Section Value: 9 Submit Answers Amortization Mortgage Amount From Previous Question $378102 20 Years -PY P 1 Months P2 Months Present Value of Loan (PV 378102 43 197 Number of Periods (N) 240 Monthly Payment (PMT) 2136.91 BALANCE OWING (BAL) 326885.085 Mortgage Rate As % 0/Y) 3.21 Value At End of Loan (FV) 176.938 PRINCIPAL PAID (PRN) 51216.915 Section Value: 7 INTEREST PAID (INT) 40670.424 Submit Answers Amortization Mortgage Amount From Previous Question $378102 25 Years - P1 Months P2 Months Present Value of Loan (PV 378102 43 257 Number of Periods (N) 300 Monthly Payment (PMT) 1834.57 - BALANCE OWING (BAL) 340643.538 Mortgage Rate As % (V/Y) 3.21 Value At End of Loan (FV) 206.098 - PRINCIPAL PAID (PRN) 37458.462 Section Value: 7 Submit Answers - INTEREST PAID (INT) 41428.167 Section 8 - Qualification Part 1 With your Annual Income of: $136826.85 and the figures you already determined for a Stress Tested Monthly Mortgage Payment, and Property Tax of $, calculate Gross Debt Service Ratio. Assume the cost of heating the home will be $215.67. Do you qualify to purchase this home based on GDS Ratio? If not, what is the income that you would require? - Total Monthly GDS Expenses GDS Ratio as a % ie: 3.45% Do they Qualify on GDSP Part 2 If you have consumer debt servicing in the amount of $836.16 per month What is the the TDS ratio? Do you qualify for the purchase based on this number? If no, what is the income required to qualify? -- Total Monthly TDS Expenses TDS Ratio as a % le: 3.45% Do they Qualify on TDS- Section Value: 9 Submit Answers

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