Owner: Joint

Purchase Date: Jan $1,2018$

Purchase amount: $$680,000$

Current value: $$750,000$

Current value date: April $21,2023$

ACB: $$680,000$

Owner: Joint

$$ Liability: Mortgage

$$ Type: Fixed

$$ Interest Rate: $3\mathrm{.}5\%$

$$ Compounding: semi$-$annual

$$ Payment Type: Principal $+$ Interest

$$ Payment Frequency: monthly

$$ Link asset to: Principal Residence $($this is very important$)$

$$ Interest on a principal residence is NOT tax deductible

$$ Balance Date: April $21,2023$

$$ Loan date: Jan $1,2018($should match purchase date of home$)$

$$ Original principal: $$400,000$

$$ Amortization

$$ Balance: $$377,633$

$$ Payment: $$1,989$

$$ Years $+$ Months $+$ End date is auto$-$filled

Principal Residence Mortgage.

The couple has $3$ objectives:

$$ Retirement

$$ Education $(2$ education objectives, one for each child$)$

$$ Disney Trip

$$ The Disney trip should be created in the Major Purchase Module.

RECOMENDATION