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Task 24 - Preparing a loan proposal After comp'eting your investigat on into what loan ortions a e : value, you are eady to proceed

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Task 24 - Preparing a loan proposal After comp'eting your investigat on into what loan ortions a e : value, you are eady to proceed and prepa e - Ian proposal for the vient. Ravi and A.ice " iring dicussions with the clients, they have confirmed their willingness to cross-collateralise their owner-occup ied property as equity to . urchase the investment property. So you have agreed to send them an email and pro. ose two options to finance the investment propert -irstly, you are required to complete the credit proposal disclosure to attach to , our email presentation. Credit proposa, disclosure nis document provides information on commissions and certain fees and charges the broker or other parties may receive in relation to the proposed loan or lease. Task 24: Question 1 You now need to complete a credit proposal. For this task you will need to use an online loan comparison website and to complete the template below. Lender Inftorin tio.:The lender is paying an upfront commission of .).65:6 of the loan amount and a monthly trail based on 0.15% of the loan balance. Stude..tre_ponse to ask 24: Qu stion 1 Cus_rmer (s) ftull : ame(s; Ravi and Alice Paiel Address 42 Mascot Street. Lilcon.... NSW - 141 Incnie anu Email 102, 970+0 04 proposed finance Lu:.Jer. . MY capital Interest rates and . epryn ent, may Interest Rates 4..%, ariable late Inte.e t only 10. 5 years change if the lunder inanges its interest rate Split 1 Purpose: New purchase Finance amount $265,000 Interest structure: variable Interest rate: 4.: 96 25 years

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