In this taskvou need to demonstrate that you understand the key lending concepts listed in the table below and their relevance, i.e. how the concepts are S applied] used in a typical residential property lending situation. For Part 1, please explain the concepts in your own words and then. for Part 2. explain the relevance of the concept to both client and lender in a new loan and existing loan context. Part 1: Using the table below, in your own words. please explain the concepts listed. An example has been provided for you