You are a mortgage agent and a client approaches you for income of $75,000 andwilling to buy a home of 950,000 in Brampton. His job is in Brampton so he does notwant to leave the place. In my view his income will not be sufficient to afford themortgage of the house he wants. Can you come out with a best alternative for him.You are supposed to provide links of all the homes you are searching for him, all thecalculations should be on a word file submitted here. He is short of funds and youmay search suitable private lending options for him too. You are supposed to submit adetailed solution here. His maternal cousin can give him a gift of $10,000 for downpayment but will this gift qualify legally? If cousin can't make gift, who is authorizedto give gift money.

As a mortgage agent it is my responsibility to provide mortgage loans to the clients at a fixed or…

are a mortgage agent and à člient approaches you ng to buy a home of 950,000 in Brampton. His job is in Brampton so he does t to leave the place. In my view his income will not be sufficient to afford the tgage of the house he wants. Can you come out with a best alternative for h are supposed to provide links of all the homes you are searching for him, all ulations should be on a word file submitted here. He is short of funds and yo search suitable private lending options for him too. You are supposed to sul iled solution here. His maternal cousin can give him a gift of $10,000 for do ake gif uhoicinuthor

are a mortgage agent and à člient approaches you ng to buy a home of 950,000 in Brampton. His job is in Brampton so he does t to leave the place. In my view his income will not be sufficient to afford the tgage of the house he wants. Can you come out with a best alternative for h are supposed to provide links of all the homes you are searching for him, all ulations should be on a word file submitted here. He is short of funds and yo search suitable private lending options for him too. You are supposed to sul iled solution here. His maternal cousin can give him a gift of $10,000 for do ake gif uhoicinuthor

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter9: Obtaining Affordable Housing

Section: Chapter Questions

Problem 5FPC

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