Assume that you hold the position of a lending officer at your financial institution and a customer approaches you to borrow a loan to purchase a property costing $$400,000\mathrm{.}00.$ The following additional information is provided based on this scenario:

The property is in good condition and should have a value of around $$410,000\mathrm{.}00.$ The customer has been employed with a company for the past five $(5)$ years and earns a monthly salary of $$10,000\mathrm{.}00.$ The customer$$s savings are sufficient to meet all fees and input. Based on the above information and the proposal by the customer, you are to:

$$ Prepare a Credit Report outlining the pros and cons of this proposal$/$request by the Analysis & customer.

$$ Using the $5$Cs in lending, identify all possible credit risks.

$$ Make a recommendation to lend or not to lend, fully supporting your decision.