FNSFMB512 - Client Project #2

Q:1 Case Study

What you need to do: Answer the questions below by writing in the space provided. You are required to answer all questions correctly. If correct, you will see 'Satisfactory' or if incorrect you will see "Not Satisfactory' in your grades section of your learner portal next to the assessment name. The assessor will provide feedback and a Record of Results in the assessment task once graded. You will be required to resubmit your work for any 'Not Satisfactory' assessment tasks. What you will need: Use the learner material provided in your online student portal as well as research materials such as books, internet, magazines, workplace documentation etc. to assist you in gaining the knowledge required to answer the questions. Remember that the assessment task is self-paced and open book. You can use whichever resources you have to answer the questions. What you need to submit: Your answers to these guestions. How to Submit your Assessment: Upload your completed document into your learner portal following the instructions provided within the assessment task. You can drag and drop the file into the window or use the add file icon in the top left of the submission window and select the file you wish to upload by using the browse/choose file option. Click on \"finish attempt\" to submit it for grading. Scenario 2 Allan Parker Allan i1s a single with no dependent 38-year-old sophisticated and \"aggressive' risk rated investor with an extended portfolio of shares, bonds, and real estate properties. He has been self-employed for 13 years with a consistent income and have a great credit history. He has used your services many times in the past. He is keen on adding a second real estate property on his investment portfolio. The unit is advertised for $300,000 and is located in North Brighton 5048 Adelaide. He wants to avoid LMI, have access to an offset account, and thinks about cross collateralising his two investment properties. He asked you, his mortgage broker, to evaluate this option but also to come up with other structures that could benefit his situation. Allan is not in a position to provide a lender with tax returns or financials, but his accountant is happy to support the numbers provided to ascertain Allan's financial situation. After review you are confident that servicing will not be an issue. Allan's real estate Assets & Liabilities are: e Owner Occupied Home valued $890,000 mortgage of $250,000 - P&l repayments - Variable Interest Rate e Existing investment property valued $600,000 mortgage of $370,000 - P&I repayments Variable Interest Rate Based on the supporting documentation and the information you hold, complete the activities below. This activity will assess your ability to determine special financial needs and risk profile for clients. Question 1 Identify from the information you have what are Allan's goals & objectives, requirements, and situation. Allan Parker 1- Click or tap here to enter text. 2- Click or tap here to enter text. Goals and Objectives 3- Click or tap here to enter text. 1- Click or tap here to enter text. 2- Click or tap here to enter text. Requirements 3- Click or tap here to enter text. 1- Click or tap here to enter text. 2- Click or tap here to enter text. Situations 3- Click or tap here to enter text.Question 2 Given the fact that Allan is not in a position to provide you with Financials or Tax Returns, describe the type of loan you would need to consider and explain why this type of finance would be appropriate. Click or tap here to enter text. Question 3 Identify and describe the risks and constraints associated with this type of finance. Click or tap here to enter text. Question 4 Assess the impact of the risks identified in question 3 against Allan's risk tolerance and specify why this type of finance aligns with his risk profile. Click or tap here to enter text. Loan Product Comparison Product Summary $ Loan Amount $........ % Interest Rate (s) Repayments Application Fee Real Estate Academy Australia Ply Lid Version 1.2 - July 2034 IE Features Monthly Fee Annual Fee Discharge Fees Total Interest Page 1 / 2 - +