EASSAY WRITING

Assess:

a) What is the maximum John and Julia can borrow while taking advantage of the bank’s best mortgage rate;

b) The amount you advise them to borrow, given their financial and professional situation;

c) Which is the best mortgage that John and Julia can take out (assume they take out the amount you recommended in b);

d) Whether that advice would change if interest rates went up or down by up to three percentage points.