Task Using the Information contained in the Scenario below, please complete the following 6 tasks. You must complete each task for your submission to be assessed. Omission of ary of these 6 tasks will be regarded as Working Towards Competency and you will then be required to resubmit in full. 1. Complete the Fact Find do cument on these clients - using the form in Appendix B14. We have not included all supplementary information on these clients in which case you will need to create your own "improvised" answers for inclusion in the Fact Find document. 2. Recommend a product for the clients and explain your reasons for recommendation List the supporting documents that would be needed to support the loan Complete the loan costing sheet provided* Complete a loan servicing calculation (NSR) sheet provided* A) Complete a loan application form (an ANZ loan application form has been provided for you, which you must use) and complete all of the accompanying documents as provided for you. Your answer to this task should be prepared as if you were submitting a real loan application to the lender. B) Once all forms are ready, call the client to confirm everything is correct. You must video yourself undertaking this task. Please note: If there is information required on the ANZ application form that is not supplied, please improvise. For example you can make up the name of your BDM, your Introducer ID, Aggregator detalls, Real Estate agent details. The application should be completed as professionally as possible to ensure ease of review. You do not need to make up "dummy" supporting documents eg. rates notice, etc.). * Important: The fees and costs required in order to complete this assignment correctly (le. Estimate of Costs worksheet) can be found in Unit 6 and the instructions for how to complete the NSR form are in Unit 7. A, Lenders Mortgage Insurance Chart (if you determine LMI is applicable) is within Unit 6. Students should ensure Units 6 and 7 are used to source correct figures for this assignment. Scenario Chents: Contact Phone No: Current. Address: Previous Address: Children: Jennifer Ann Young DL No.: 527492 DOB: 22/07/88 Australian Passport No.: L94325881 John Albert Young DL No.: 5489701 DOB: 23/06/88- Australlan Passport No.: L9189081 Phone 0401 222 111 23 Willow St, Lane Cove, [Your State] [Your State's pastcode] Time there, 4 years 44 Roberts Street, Putney Dour Statel [Your State's postcode] Time there, 5 years. 2 children aged 7 and B Sanana Continued overleat Existing Property: Own Home valued at $1,500,000 Current outstanding loan balance $375,000 (with CBA) Loan Repayments $2,273 per month, remaining loan term 20 years cash: The clients have $12,000 savings as cash in the bank, Credit Cards: Mr Young: ANZ Visa - $6,000 limit (balance $4,000) Mrs Young: NAB MasterCard - $6,000 limit (balance $2,500) Other: Mr and Mrs Young each have $85,000 in superannuation and they estimate their current home and contents to be worth $63,000. They do not have any other investments or income sources and the interest income on their bank accounts is negligible. They do not anticipate any significant changes in their financial situation in the next 3 years. Mr Young works full-time at OfficeWorks employed as a Marketing Manager and earns gross $155, 000 p.a. He has worked there for exactly 8 years. His employer contact is John Jones, ph 0411111222. He does not have an Accountant. Mrs Young works full-time as a Project Officer with SMEC Australla and eams gross $106,000 pa. She has worked there for exactly 4 years after having several years of home duties. Her employer contact is Sally Singh, ph 0422222333. She does not have an Accountant. The Youngs own two cars - a 2016 Honda Civic worth $18,000 unencumbered and a 2018 Mazda SUM $30,000 subject to Mazda Finance of $20,000 ($450 per month). A few days ago, the Youngs signed up for a 20 month Interest Free loan from Latitude far a sound/movie system for $3,000. They paid a $50 establishment fee to avoid the monthly admin fee and their minimum monthly payment is 5%. You interviewed Mr and Mrs Young at your office after some initial telephone conversations previously. They both spoke good English, they are Australian citizens of more than 20 years and they expressed their exatement at buying their second property. Following your evaluation, you suggested 3 different loan products to the Youngs and their decision was to choose the ANZ product. You will now proceed to assist them with their loan application. They are aware that they may need to complete a Customer Identification) Procedure prior to finance approval from the lender. The clients require one facility to refinance their current home loan and purchase an investment property. The investment property is an established 2 bedroom unit in a residential tower black of 48 at 55 (Lot 6) Victoria Ave, Rhodes [Your State and postcode]. The purchase price and the valuation $ 5900,000. Gross rental Income of $700 per week is expected and the body corporate expense will be just $35 per week. They have made an offer on the unit at the asking price, have put down a $1,000 cash deposit with the real estate agent, and the offer has been accepted with settlement in 60 days. Title particulars: Lot 6, Folio 4981, Vol. 2931. The soliators they will be using are Bader & Partners, 14 Smith Street, [Your State and postcodel, ph 0400 111 222; email i..o@baderandpartners.com.au