Task 2 - Develop complex broking options You are required on prepare a full oan preprival audressed to Roy ind _.eve outlining available oan cotions and the application process. The proposal must also des rive the potential rdu antages and disadvantages of the financing option that it: being recommended 'n a suitawle report format vousho Id prepare the proposal to Ray and steve, covering the following: The partie: to the loa.. . what names will be on the loan contract: Provide two (2) different product ortions that would meet their needs and objectives outline the product name/typo, loan term interest rate, balloon payinent (if applicable), fees and charges and monthly repayments. Provide your recommendation of the best product option to meet their needs. State why the other product was not in their best interest or the best option for them Name three (3) lenders that offer the product you recommended for their transaction Advise them about the product type loan terms that are available, interest rate balloon payment (if applicable), fees and charges and monthly repayments. Provide a summary of the lender's applicable bees and charges including set up costs and ongoing fees and charges. 6. Advise which relevant disclosures need to be made covering broker remuneration. Outline all security that will be required including directors guarantees. 8. List the documentation they need to provide to obtain the funding for the machine and to obtain a loan approval. wutline their responsibilities so they fully understand their obligations regarding the security offered and the equipment during the loan term. 10. Provide details of the financial and transaction risks associated with the new ioan of which they should be made aware For example, what would nappen if they could no longer service the debt? 1 They enquired about claiming back the usT that is included in the purchase price of the machine. You also feel that they may be able to utilise : mall Business Asset - Instant asset write off benefits In accordance with your qualification as a mortgage broker what should you advise them to do regarding their question on claiming back GST? 12 Invite them to ask you any questions they may have about the transaction. 10. Provide an instruction for them to advise you to proceed with the application on their behalf (80v words) Notes. Ary ass motions you make should be list a, and not be in co..flirt with the ast study information already o ovide... You are to write a lean properal to your clients demonstrating your profers ondi writing kill - not simply commenting on each of the points detailed above our ploposa, should ve supported by e. idence-based statement- and not contain opinion based commentary. he boe of tables in the report to set out some of the n .meric info mation may be of benefit Jse an Jppont commission at ) 60% and trail of v.165% which includes GSI