Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Mortgaging

13/09/2020 Client: m166 Deadline: 3 days

  


Short Answer Question 5


Pleased with the way you handled his complaint, Bob recommends you to his 45-year-old son, Basil. Basil Butler is a management consultant who is living and working with his wife Daisy in Manhattan. Basil sends you an email, explaining that his 41-year-old wife is expecting triplets in six months’ time. They plan to return to Melbourne next month and take up residence in their old warehouse apartment in Fitzroy. They need urgent help because their neighbour is planning to sell her adjoining apartment, which they wish to secure. Daisy loves her old place and dreams of extending their living space by acquiring and renovating the neighbour’s apartment. She envisions demolishing part of the shared wall to join the two apartments into one large, liveable space for a family of five.


Basil’s firm is relocating him to the Collins Street office. Daisy, however, is a contractor who has successfully completed a series of projects for Basil’s firm. She has been self-employed for 10 years and does not intend to work for the next five years. Basil earns $200,000 p.a. and Daisy earns $130,000. They owe $280,000 on the Fitzroy apartment, but they own a beach house in Portsea outright. The beach house is valued at $650,000. With a penchant for luxury cars, they also have $60,000 to repay on their BMW and $10,000 on the vintage MG. They have put the majority of Daisy’s earnings into her superannuation fund, which has now accrued $400,000. Basil is unsure how much is in his superannuation fund. Sadly, they invested the bulk of Basil’s earnings in a share portfolio which crashed with the global financial crisis. The portfolio dividends only paid $5,000 last financial year. Together, they have $127,000 in a savings account and $50,000 invested in a long-term deposit. The reserve price on the neighbour’s property is $510,000, however, she is prepared to sell it for $495,500 if she does not need to engage a real estate agent and if they will commit to a 30 day settlement. She has given Basil and Daisy the option of a private sale and two weeks in which to make her an offer. As she is divorcing, she is not prepared to extend the time to allow Basil and Daisy to secure finance in Melbourne in person.


Basil and Daisy are too busy packing up their Manhattan loft to search for finance options. They want you to find a suitable loan with attractive terms and arrange all the necessary paperwork. Timing is their utmost concern.


(a) Respond to Basil’s email by taking the following steps:


i. Analyse Basil and Daisy’s financial position based on the extent of their disclosures. Use a financial calculator or relevant software systems to help calculate their personal and financial situation. Note good calculators can be found online e.g.


https://www.genworth.com.au/lender/lmi-tools/serviceability-calculator


https://mozo.com.au/home-loans or http://www.loansense.com.au/calculator/loan-payment.html


  


As per their disclosure   they currently owe $350,000 ( $280,000 for their home+ $70,000 for their   cars) and they have $400,000 in their superannuation fun so they will be able   to pay this debt by using this fund 


  ii. Outline the relevant processes for proper execution of loan documentation and determine whether you will be able to implement the necessary actions within the neighbour’s timeframe. Also note whether there is any need for specialist advice or involvement from other main sectors of the financial services industry in this case.


  


iii. Describe how you will submit the documentation to the appropriate lender in an appropriate manner to protect client confidentiality.


  


iv. Research products and additional industry information, then apply your industry knowledge to the current situation. Synthesise this information into a clear and concise format (e.g. short report or proposal) so that Basil and Daisy can make an informed decision.


  


v. Write an email to Basil and Daisy to establish and confirm their priorities:


·  Establishing their risk tolerance and determining their investment goals and expectations.


·  Ask for any additional information you require to complete your analysis in accordance with your firm’s credit policy.


·  Provide Basil and Daisy with an overview of the three best products you believe are most suited to their needs. Be sure to discuss the strengths, weaknesses, benefits and risks, fees and charges attached to each product.


  


(b) Write a confirmation email to Basil outlining the following:


·  Basic requirements of the loan, including the amount, term and interest rate.


·  Disclose whether you have a strategic and commercial relationship to the recommended product.


·  Outline which documents you have attached as per compliance requirements.


·  Describe the appropriate timing of events in the loan approval process. Check your writing for accuracy and readability.


  


(c)


i. Download and complete the loan documentation (this is found in your IIT elearning platform supporting documents) Basil and Daisy require in a way that accurately reflects their financial situation, personal information and complies with lender requirements and guidelines.


  


ii. Copy and paste the “Loan Application” into sheet 2. Name sheet 1 Loan application” and sheet 2 Client records. Create a client record in an appropriate format which will be accessible to other appropriate advisers. You won’t need all of the loan application you copied so cut the redundant details out and don’t forget to change the heading from “Loan Application” to the “Client Record”. Hint: in chapter 5 short answer question 5d you are required to copy and paste the client record you just created and update it with the case study details in chapter 5. You might find it efficient to do this while you are dealing with this question.


  


iii. Describe how you are going to prevent fraud and verify Basil’s and Daisy’s identity/signature and their other undertakings when you are not able to meet them person.


  

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

George M.
Buy Coursework Help
Essay Writing Help
Professor Smith
Instant Homework Helper
WRITING LAND
Writer Writer Name Offer Chat
George M.

ONLINE

George M.

Hi, Greetings. I have gone through your details and I can start writing on your assignment. I am an experienced creative writer who has produced outstanding plagiarism-free well-optimized content for my clients.

$20 Chat With Writer
Buy Coursework Help

ONLINE

Buy Coursework Help

I can help you with your project. I will make sure to provide you exceptional quality work within the required timeframe. Please message me so we can discuss the further details over chat.

$15 Chat With Writer
Essay Writing Help

ONLINE

Essay Writing Help

I can provide plagiarism-free work for you within your given deadline. My professional writing career started around 5 years back with a local writing company in my city where I have produced 1000+ documents for my clients.

$35 Chat With Writer
Professor Smith

ONLINE

Professor Smith

Hello, I am a skilled, resourceful and experienced content and academic writer. I have written over 1000 different articles, academic papers and reports and all my clients.

$20 Chat With Writer
Instant Homework Helper

ONLINE

Instant Homework Helper

I am a highly-qualified writer, and I can assure you quality work on this topic. Try me once, I promise you I will not let you down. You may visit my profile and check all samples to ensure quality, accuracy, and grip over all topics.

$60 Chat With Writer
WRITING LAND

ONLINE

WRITING LAND

Hey Dear, I am freelance writer and researcher. I have read your project description and it seems area of my interest and expertise. I will write you a top notch quality research article. I have done Masters from Middlsex University. My specialties in writing are research writing, technical writing, article writing, report writing, essay writing, academic writing and Dissertation, Thesis, Coursework and more.

$35 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Read two articles and complete an annotated bibliography for each article (scholarly/peer-reviewed journal articles). - Electronic data interchange in healthcare - Certificate in community interpreting level 1 - Ak timms brize norton - Capital budgeting mini case solution - Unsw o week 2016 - Human resource mgt - Micros 3700 manager procedures - Is mixing magnesium with hcl a chemical change - Intermolecular forces in alkanes - Exp 105 week 3 discussion 1 - Intro to Public Administration - 8 3 mystatlab final examination - Discussion: Applying Measurement Tools - Unit 3 Discussion #5 Washington & DuBois or Wells - Thermodynamics enthalpy of reaction and hess's law lab calculations answers - Problemas con la calefaccion answers - Business - Assignment - West coast outdoor advertisers sam project - Aluminium free baking powder woolworths - Isosceles triangle with an obtuse angle - Nickel and dimed discussion questions - MBA 560 - ESSAY ASSIGNMENT - Don funk scene 1 production tasks - Write an equation for the function graphed below - Anterior pelvic tilt pdf - Effective acceleration due to gravity - 3.11 5 practice questions testout - Organizational behavior real research for real managers - What aisle is scotchgard in walmart - Self amalgamating tape jaycar - Case study - Holistic perspective anthropology - The power or essence of a deity is believed to be in the murti, either temporarily or permanently. - Human resource management case study examples with solution - One night the moon racism - Barium hydrogen phosphate formula - 3 examples of programming languages - How Is Policy Formulated? - 116 muller road tregeagle - Object oriented data model ppt - Advanced greyhound cards sheffield - What is the payback period for the following set of cash flows - Dutchman by amiri baraka pdf - What is the cardinal rule for public relations practitioners - Calculate the no load voltage vo for the circuit - Case study on death and dying grand canyon university - Disaster recovery plan - Prospectus assignment example - Dr james armstrong neurologist - Green laser pointer with ir filter - Activity Project Part 1 - Plan - Walgreens com pharmacy prescriptioncheckout_confirmation jsp - Disaster Recovery Management - A5 - Choose a topic from Micro economics that matters to you and find a recent news article covering that topic. - 10ks of personal branding pdf - Developing an implementation plan nrs 441v - Offset diagonal bottom right shadow picture effect word 2016 - Sociology 4 - Discussion: of Services-wk3-6212 - Generic statistical information model gsim - Royal bolton hospital consultants - Chapter 11 introduction to genetics answers - Alfred adler birth order - What is a wave scheduling system - Molar heat of combustion symbol - Homework Essay - Strategic audit outline - Bear branch nature center - Afp systems engineering office - Stukent mimic pro round 1 answers - Lpi online 360 assessment - Apple computer mission statement and vision - Papa justify conjure of sacrifice lyrics - Wk#7 Discussion and Research paper - Man's search for meaning discussion questions and answers - Principles of comparative politics 3rd edition pdf - Forest schools portfolio login - What is walt disney's corporate strategy - 1 Page Book Response to book "Angela's Ashes" - Course Project - A streetcar named desire context - The north china lover summary - Why cell phones should be allowed in school - Motivational interview to facilitate health behaviour change - Case Study 1 & 2 Lyme Disease and Peripheral Vascular Disease - Seven domains of a typical it infrastructure - E numbers to avoid - Assumptions of terzaghi's bearing capacity theory - Case Discription - Walsh company manufactures - 2pave paler due by Sunday on early Muslim Society including the roles of women based on the surah readings . - Discussion Reply- Response 1-2 paragraphs with 1-2 references - Solving equations by extracting square roots - EDMS Business Requirements Documents - I2c bus capacitance calculation - Mgkm2x a ipad air 2 - Audrey hepburn humanitarian work