mortgage

This document is Completed Fact Find.

It is part of the supporting resources for Assessment Task 2 of FNSFMB512.

Morgan Mortgages

Mortgage Fact Find

What are you trying to achieve? Would like to invest an inheritance in an investment property.

Want to secure an interest only construction loan to achieve this.

Adviser/consultant name	Client reference number	Date of Fact Find
Student Name	123478	Date

Applicant details
Joint application? No	First Applicant	Second Applicant
Title	Mr	Mrs
Surname	Freeman	Freeman
First Name(s)	Jan	Mary
Previous Name(s)		Smith
Nationality	Australian	Australian
Date of birth	01/06/1970	21/05/1968
Marital Status	Married	Married
Applicant’s relationship		Husband
Dependants	Number 1	Number 1
	Age(s) 2	Age(s) 2
Current address	12 Pine Ave Rosemont NSW 2345 Or make up an address near to the RTO	12 Pine Ave Rosemont NSW 2345
How long at current address?	20 years	20 years
Daytime telephone	0438282822	0438282566
Work telephone	02 56565656
Home telephone	02 78787878	02 78787878
Email	[email protected]	[email protected]
Preferred contact method	Email	Email
Current residential status (owner or tenant)	Owner	Owner
Date moved to current address	01/02/2010	01/02/2010

The following questions concern the property that the client wishes to purchase with the mortgage.

How much is the property? Land $200,000

House build $250,000

$450,000

Costs (roughly 5%) $23,000

$473,000

How much is your deposit? $180,000

How much money do you think you will need? $300,000

Assets

Home $850,000

Home Contents $50,000

Investment property None

Investments None

Vehicles $25,000

Toys None

Bank accounts $50,000

Superannuation balance(s) $300,000

Liabilities

Home Loans None

Investment property loans None

Gearing loans None

Car loans None

Credit Cards Balance $0

Limit $6,000

Personal loans None

Income

Salary 1/ Directors salary 1 $120,000

Dividends None

Rental income None

Other None

Expenses

Living Expenses $800 per week

Home repayment amount None

Investment property repayment amount None

Car repayments None

Credit card repayments None

Personal loan repayments None

Child maintenance None

Other

Are there any lenders you would refuse to go with? No

Have you been to any other lenders? No

Have you ever been refused a loan? No

Have you been unable to repay a loan before? No

Australian Training School Pty ltd trading as Southern Academy of Business and Technology
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Version : 2.0	Last Updated : 30 Jul 2021	Next Update: 31 Jul 2022	Page 1 of 1