You want to invest your annual salary which is LE1,000,000 in a mortgage loan to buy a property. Find a suitable property (it has to be a real property) and specify its price and location.  You need to determine the loan to value, loan rate and maturity of the loan in order to answer the following questions:

a) What is your monthly P&I?

b) Construct an amortization table

c) Will you be qualified to take the loan?

Answer rating: 100% (QA)

I dont have realtime access to property listings or mortgage rates However I can provide you with so... View the full answer