Find and present in a business report the cheapest (lowest interest rate) home loan in the market that meets Mr and Mrs Monashs conditions specified in your team data. You are required to show evidence of your comparison. No evidence nor sourcing of the comparison will result in a -4 mark penalty. The requirement for evidence would be providing screenshots either in the main assignment body or in an appendix, comparing your recommended product with at least two other loan products that match all the conditions stated in your team data. Any screenshots are to be referenced by footnotes or endnotes.

a) Applying their desired LVR, Calculate the amount Mr and Mrs Monash has to borrow and calculate the deposit Mr and Mrs Monash must contribute in the future.

c) Apply financial math to calculate the periodic loan repayment Mr and Mrs Monash must pay.

(show your formula, substitution and working, missing financial math will result in a

penalty of -3 marks)

to buy their house In 3 years time. Mr and Mrs Monash intend to buy a 3 bedroom house in Caulfield to live in. They intend to spend 51.460,000 This Mr and Mrs Monash have the following conditions and needs of the loan you present to them The loan has to be from a Non-big 4 Bank (domestie or foreign The loan needs to have a Offset facility Mr & Mrs Monash wish to make monthly repayments They wish to borrow money for 25 years They wish to take a fully amortizing loan They are interested in a 3 year Fixed ratelow (use comparison rates only) Mr & Mrs Monash want an LVR of NO Today, Mr and Ms Monash have $1,200.00 or disposable income a service their debt at each loan repayment period. to buy their house In 3 years time. Mr and Mrs Monash intend to buy a 3 bedroom house in Caulfield to live in. They intend to spend 51.460,000 This Mr and Mrs Monash have the following conditions and needs of the loan you present to them The loan has to be from a Non-big 4 Bank (domestie or foreign The loan needs to have a Offset facility Mr & Mrs Monash wish to make monthly repayments They wish to borrow money for 25 years They wish to take a fully amortizing loan They are interested in a 3 year Fixed ratelow (use comparison rates only) Mr & Mrs Monash want an LVR of NO Today, Mr and Ms Monash have $1,200.00 or disposable income a service their debt at each loan repayment period