3. Richard and Pauline have decided to consolidate their debts into their home loan with two...

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3. Richard and Pauline have decided to consolidate their debts into their home loan with two splits, one for the existing home loan and a second split for all other debts. They will not be including the landscaping supplies business expense as they pay this in full each month and will clear the outstanding $500 from business account. In the template below provide a new liabilities summary once Richard and Pauline have completed the debt consolidation including their new monthly repayments. Note: They have chosen to refinance with 'One State Bank' who are offering a 4.5% interest rate on a variable, principal and interest loan over 30 years. Student response to Task 9: Question 3 Lender Answer here Total Interest rate Monthly repayment Debt Answer here Answer here Answer here 3. Richard and Pauline have decided to consolidate their debts into their home loan with two splits, one for the existing home loan and a second split for all other debts. They will not be including the landscaping supplies business expense as they pay this in full each month and will clear the outstanding $500 from business account. In the template below provide a new liabilities summary once Richard and Pauline have completed the debt consolidation including their new monthly repayments. Note: They have chosen to refinance with 'One State Bank' who are offering a 4.5% interest rate on a variable, principal and interest loan over 30 years. Student response to Task 9: Question 3 Lender Answer here Total Interest rate Monthly repayment Debt Answer here Answer here Answer here

Answer rating: 100% (QA)

Lender One State Bank Interest rate 45 variable principal and inter... View the full answer