Questions 1 - 4 Select the correct information required for this loan application based on the Li Olsen case study scenario. 1. Select the Personal Identification required 2. Select the reason for this loan _ Purchase new/used vehicle _Purchase home contents Birth certificate Loan for a wedding Driver's licence Loan for a holiday 0000 Medicare card 3. Select the correct option Passport Will the loan be used for personal purposes? Yes No 4. Financial objectives for seeking credit Mary and Bob wish to obtain... loan to pay... They want to pay the loan off in 5 years. Want to be able to make additional payments. Want the ability to pay off the loan without an early penalty. Wish to keep repayments as low as possible with a competitive interest rate. Fixed rates are important to them to avoid any rate increases over the life of the loan and to help them with their budgeting. They are not keen on paying monthly fees. Bob Olsen requires monthly payments as it is easier to manage. 5. Complete the Costings as provided in the case study scenario Loan amount Total cost Personal Total amount Brokerage fee contribution of loan Enter amount + $ Enter amount Enter amount $ Enter amount = $ Enter amount "To refinance from which financial institution? Current Balance/Limit $ To increase my existing home loan _ Consolidation Account number by Other (specify To fund a wedding Amount $ 20,000 typel