Prepare the proposal document, in a suitable format, and explain the consumer loan options available to Rahn and Deepa. Outline the process that will need to take place for them to complete the purchase of the property and construction of the three units. In developing your report, you should cover the following: 1. Who the parties to the loans are. 2. 3. 4. 5. 6. 7. 8. Provide Rahn and Deepa with two initial loan products that would meet their requirements. Option 1: Residential home loan secured by the family home to provide the required equity Option 2: Property development loan to assist with purchase of land and construction. Your recommendation for the best loan structure option for each loan, including: amounts 9. 10. . security/collateral for each loan terms repayment types LVRs for each loan explanation why each of the loans are suitable for the clients. Provide Rahn and Deepa with a preliminary assessment, as required under your regulatory responsible lending obligations, outlining the three (3) lenders that provide the product required to facilitate this transaction, and advise the client of the product type, loan term, interest rate, ongoing fees and monthly repayment for each of the products. Describe the procedure, from initial interview to unconditional loan approval, including documentation required from Rahn and Deepensure you mention the compliance documents you need to complete. Describe the client responsibilities, so Rahn and Deepa understand the facilities being proposed. Outline the risks (potential and real) of which Rahn and Deepa should be madecawactuding using their own home as security. Prepare a full funding description including a summary of fees and charges for the initial purchase of the land through to completion of project. Ensure you include the costs for setup and those of the lender. Prepare a time line for the project detailing payments and where funds will be obtained from. A request for the client to inform you of any questions about the transaction and/or provide an instruction for you to proceed. 11. Advise which relevant disclosures need to be made regarding broker remuneration. (800 words) Notes: Any assumptions you make should be listed, and not be in conflict with the case study information already provided.