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Task 7.10 Assess the loan application of Ross and Melissa Cooper against the ve C's. a) Character How would you assess the applicants' character? b)

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Task 7.10 Assess the loan application of Ross and Melissa Cooper against the ve C's. a) Character How would you assess the applicants' character? b) Capacity (i) What will the applicants' monthly payment be, given the current variable lending rate of 6% pa? (Hint: visit awebsite such as: htt :me. ourmort a e.com.aw'calculator . (ii) Using the 'income percentage method', assess the applicants' capacity to repay the loan (25 words)

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