approveConditional Letter of Offereligiblesalary taxminimum mortgage ratepaid uprepayment tableA:Agent Mr.WangB:Buyer Mr.ChenC:Bank Loan OfficerGood morning.Let me introduce you to Mr.Chen.He would like to ask you details about mortgage loans.Good morning,Mr.Chen.I've known Mr.Wang for many years.He is a very helpful agent.Yes,he is.Mr.Wang has gives some good advices which helped us buy this apartment at such a reasonable price.Sam,Mr.Chen has recently bought a flat in Tai Koo Shing.I recommended that they apply for a mortgage loan at your bank.Thank you.We can start by you giving me the information on your property.Sam,this is the Preliminary Sale and Purchase Agreement.(Hands over document)The selling price of the flat is four point two million dollars.He would like to apply for a mortgage loan representing 70% of the purchase price.