1. What recommendation would you make to guide your client after a lenders non-offer?

2. Explain in your own words the difference between the capacity of a client and his repayment comfortability.

3. Why is it important to check that the capacity, repayment comfortability, and loan amount required are all aligned?

4. You received the latest payslip and income statement from your client. What information would you check to ensure it matches the client disclosures and follow the NCCP Act 2009 obligations?

5. What happens during a Property Settlement process? (talk about the existing mortgage (if any), the clauses that need to be fulfilled, the new mortgage (if any) and the transfer title).

6. You have now submitted the loan application, but the lender confirmed the application will be picked up by an assessor in 3 business days. You check the contract of sale and notice the finance is due COB tomorrow. List at least two actions you could take to overcome this issue.

7. List at least three different types of security that may be considered by a lender in exchange for a loan.

Pleasee answer all of them.

Thanks