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Task 7.4. Mortgage brokers should present adequate information to clients to enable them to make a choice between loans. This involves conducting research to determine
Task 7.4. Mortgage brokers should present adequate information to clients to enable them to make a choice between loans. This involves conducting research to determine suitable loans and presenting clients with a choice among, say. three loans that are considered to be suitable for the client's requirements. The characteristics of the three selected loans are then presented to clients in a way that allows a comparison to be made. The presentation may be made a piece of paper, or other means such as a Powerpoint overhead. You are now required to use the internet or other sources to choose three loans that you believe will meet the requirements of Ross and Melissa. The relevant details should be placed in the spaces provided. Product Name Interest Rate Type (%) Comparison Rate (96) Minlmum Loan Amount ($) MaXImum Loan Amount (is) Minlmum Loan Term Credit Provider MaXImum LVR (%) MaXImum Insured LVR (96) Mortgage Offset Account (Yes/No) Loan Redraw Facility (YIN) Split Loan Facility (YIN) Fixed Interest Option (Y/N)
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