What is the maximum conventional mortgage they can take

Assignment Help Financial Accounting

Reference no: EM133492912

Question: If a couple uses the total amount in their TFSA (TFSA 59,243.05$ + RRSP 65,000$) and the maximum withdrawal available to them under the Home Buyers' Plan toward a down payment and closing costs (15,000$), what is the maximum conventional mortgage they can take, assuming they qualify under the GDS and TDS ratios?

Could you break this down for me simply?

Reference no: EM133492912

Questions Cloud

Discuss distinct considerations linked with the psychiatric : Discuss distinct considerations linked with the psychiatric interview and assessment of children. Define how you would progress with a comprehensive assessment

Explain why the financial statements are comparable : Explain why the financial statements are comparable between the Hilton Hotel Group and the Marriott International Group while relating your answer to financial

Describe the differences and similarities of the cultures : Describe the differences and similarities of these cultures. What must law enforcement be aware of when coming in contact with someone from this culture?

How can you know if a resource is reputable or not : What is a Peer-Reviewed Journal Article, a PRJ, (define), and why are they so important/powerful? - What is a library database?

What is the maximum conventional mortgage they can take : What is the maximum conventional mortgage they can take, assuming they qualify under the GDS and TDS ratios? Could you break this down for me simply

Discuss the differences between a bar chart and a histogram : Discuss the differences between a bar chart and a histogram. What type of data is used for each? How do they differ, substantively and visually?

Describe the different personality traits of leaders : Choose any theoretical framework from our course material that describes the different personality traits of leaders.

Identify potential sponsors : What are your goals for this event? How would you begin to identify potential sponsors? Are there any sponsors you should be leery of approaching?

What are the potential ethical health and potential security : What are the potential ethical, health and potential security problems associated with these investigations? Be sure to include real-world cases in your answer.

User Account

All Pages