As a lender, go through the information provided and determine if the clients qualify for their loan request. Jessiah and Cassandra Hamilton have been mamed for 2 years. They are presently living in an older home and have come to you secking financing so that they can renovate their kitchen in their home Jesiah has priced out the renovation project and brought in some written estimates He estimates the cost of the renovation to be $30,000 Jesiah and Cassandra want to repay the loan over 5 years Jestonas taken a bulling construction course at NAIT is excited to use the skills he has learned The Hamilton's house is valued at $365,000. The mortgage was for $339,450 with a 5-year term amortized over 25 years at 2.96% Please Calculate the Monthly Mortgage Payment Number (1 marko They have made 19 payments on the mortgage Please calculate the balance owing on the kan Number (1 mark) This branch approved the mortgage Taxes are $304 a month and heating is estimated at 150 They currently have $10,000 in a joint savings account at the branch Neither of them contributes to an RRSP Jesiah has clear title to some undeveloped property do miles west of Edmonton he inherited a few years ago. It is currently valued at $50.000. Eventually Jesiah would like to build a cabin on the property but realizes that this is a long term goal Jesiah pays about 542 a month on the taxes. Cassandra also has recently received an expensive painting from her grandmother valued at $22,500 with a certificate of authenticity Jesih 29, has been working for RV World for 6 years. He grosses $103,630 annually as lead Heavy Duty Mechanic, much of this is overtime come Jestan has provided his Notice of Assessments for his income verification as you has requested (see attached) Cassandra, 25, is in her last year at the of A Cassandra works part-time at the Uct A bookstore as a cashier she has provided a salary letter, she grosses approximately $22,170 per year. manager informed her she was going to receive a 4% increase next month 22 months ago sestan bought a Ram for 544,000 and financed it with a loan (hom a competitor) for 599 600 at 536 to 7 years compounded mortray , What is the monthly truck payment? Number (1 mark) What is the balance owing today for the trucky Number (1 mark) The current value of the Ram is estimated to be $32.800 Equitax shows he has never missed a payment and confirms that there are 62 months remaining on the installment loan Ratings on their credit cards from Costco (51 500 credit R1, RBC VISA (51,000 credit limitare RA they do nowever have a Capital One MasterCard with a ratiro credit limit 54000). They both ke the finer things in life, cards are continuously at the maximum credit limits The do have a The Bay credit card reporting on their credit burete with a limit of $3.500 but nothing is currently owing jestah recently received an Inheritance in the amount of $52.000. Currently he has it invested in a GIC Jesah does not want to access these funds at this time and would like the funds to remain as is. He is planning on using these funds in the future to build a cabin on his land, As a lender, go through the information provided and determine if the clients qualify for their loan request. Jessiah and Cassandra Hamilton have been mamed for 2 years. They are presently living in an older home and have come to you secking financing so that they can renovate their kitchen in their home Jesiah has priced out the renovation project and brought in some written estimates He estimates the cost of the renovation to be $30,000 Jesiah and Cassandra want to repay the loan over 5 years Jestonas taken a bulling construction course at NAIT is excited to use the skills he has learned The Hamilton's house is valued at $365,000. The mortgage was for $339,450 with a 5-year term amortized over 25 years at 2.96% Please Calculate the Monthly Mortgage Payment Number (1 marko They have made 19 payments on the mortgage Please calculate the balance owing on the kan Number (1 mark) This branch approved the mortgage Taxes are $304 a month and heating is estimated at 150 They currently have $10,000 in a joint savings account at the branch Neither of them contributes to an RRSP Jesiah has clear title to some undeveloped property do miles west of Edmonton he inherited a few years ago. It is currently valued at $50.000. Eventually Jesiah would like to build a cabin on the property but realizes that this is a long term goal Jesiah pays about 542 a month on the taxes. Cassandra also has recently received an expensive painting from her grandmother valued at $22,500 with a certificate of authenticity Jesih 29, has been working for RV World for 6 years. He grosses $103,630 annually as lead Heavy Duty Mechanic, much of this is overtime come Jestan has provided his Notice of Assessments for his income verification as you has requested (see attached) Cassandra, 25, is in her last year at the of A Cassandra works part-time at the Uct A bookstore as a cashier she has provided a salary letter, she grosses approximately $22,170 per year. manager informed her she was going to receive a 4% increase next month 22 months ago sestan bought a Ram for 544,000 and financed it with a loan (hom a competitor) for 599 600 at 536 to 7 years compounded mortray , What is the monthly truck payment? Number (1 mark) What is the balance owing today for the trucky Number (1 mark) The current value of the Ram is estimated to be $32.800 Equitax shows he has never missed a payment and confirms that there are 62 months remaining on the installment loan Ratings on their credit cards from Costco (51 500 credit R1, RBC VISA (51,000 credit limitare RA they do nowever have a Capital One MasterCard with a ratiro credit limit 54000). They both ke the finer things in life, cards are continuously at the maximum credit limits The do have a The Bay credit card reporting on their credit burete with a limit of $3.500 but nothing is currently owing jestah recently received an Inheritance in the amount of $52.000. Currently he has it invested in a GIC Jesah does not want to access these funds at this time and would like the funds to remain as is. He is planning on using these funds in the future to build a cabin on his land