3. 10. 11. What are your recommendations ofthe best loan structure option. including: 0 the loan amount 0 securityr'collateral including personal and company guarantees 0 the loan term 0 an explanation as to why the other option is not as suitable for the clients (include pros and cons and differences in fees and interest etc.) Name three [3} lenders that offer the recommended product option required to facilitate this transaction.Advise the client of the product type, loan term _. interest rate, ongoing fees and monthly repayment for each of the lenders. What is the procedure to implement the loan, including the documentation Bill and John are required to provide and the security they need to provide? Outline the risks of which Bill and John should be made aware. Information should cover risks associated with the selected loan products and required security, including guarantees and forms of security required in addition to property. Provide the name of the borrower that will be on the loan contract. Also, what name will go on the Certificate of Title (given the Trust involvement} when it is registered with the Land Titles Office? [This varies from state to state so please advise which state you are from refer to the Toolbox for assistance to conduct your research.) Prepare a full funding description including a summary of fees and charges for the purchase ofthe property and also the setup costs {e.g. solicitors fees} and the lender' s fees and charges. If there is a shortfall of funds, how will this shortfall be covered? The clients enquired about claiming back the GST that is included in the purchase price after settlement. In accordance with your qualification as a mortgage broker, what do you advise the clients to do regarding this question? You request that the client informs you of any questions about the transaction anda'or provide instructions for you to proceed. Advise which relevant disclosures need to be made to the client regarding the broker remuneration