Question: It is June 28, 2022, Simon and Simone are looking to buy their first home but prices during this pandemic seem especially high. They are

a) What would be the minimum down payment that they would need if they wished to qualify for a conventional mortgage?

It is June 28,2022 , Simon and Simone are looking to buy their first home but prices during this pandemic seem especially high. They are looking to purchase a condo that is on the market for $290,000. a) What would be the minimum down payment that they would need if they wished to qualify for a conventional mortgage? (1 mark) Conventional mortgage calculation (1 mark)

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