Certificate IV in Finance and Mortgage Broking (CIVMBv1)

Assignment
Certificate IV in Finance and Mortgage
Broking (CIVMBv1_AS_A2)
Student identification
(student to complete)
Please complete the fields shaded grey.
Student number 10430965
Assignment result
(assessor to complete)
Result — first submission (Details for each activity are shown in the table below)
Not yet competent
Parts that must be resubmitted:
1, 6.1, 6.2a, 14.2, 14.4
Result — resubmission (if applicable)
CIVMBv1_AS_A2

Result summary
(assessor to complete)
First submission Resubmission (if
required)
Task 1
Task 2
Task 3
Task 4
Task 5
Task 6
Task 7
Task 8
Task 9
Task 10
Task 11
Task 12
Task 13
Task 14
Task 15
Task 16
Feedback
(assessor to complete)
A very good first attempt at the assignment. There are a few questions that
require further work: 1, 6.1, 6.2a, 14.2, 14.4. Please be guided by my
comments at each task and refer to the self-study material for reference.
Page 2 of 44

Before you begin
Read everything in this document before you start your assignment for Certificate IV
in Finance and Mortgage Broking.
About this document
This document includes the following parts:
• Instructions for completing and submitting this assignment
• Results and feedback
• Section 1: Case study 1 — Malcolm and Susan Johnson
• Section 2: Case study 2 — John Simpson
• Appendix 1: Fact Finder
Instructions for completing and submitting
this assignment
How to use the study plan
We recommend that you use the study plan for this subject to help you manage your
time to complete the assignment within your enrolment period. Your study plan is in
the KapLearn Certificate IV in Finance and Mortgage Broking subject room.
Completing the assignment
Saving your work
Download this document to your desktop, type your answers in the spaces provided
and save your work regularly.
• Use the template provided, as other formats will not be accepted for these
assignments.
• Name your file as follows: Studentnumber_SubjectCode_Submissionnumber
(e.g. 12345678_DFP1B_Submission1).
• Include your student ID on the first page of the assignment.
Before you submit your work, please do a spell check and proofread your work to
ensure that everything is clear and unambiguous.
The assignment
This assignment is split into 16 Tasks, over 3 Sections. To finish this assignment, you
must complete all 16 tasks.
The information and data you need to complete Sections 1 & 2 is presented in case
studies at the beginning of those sections.
Page 3 of 44

Word count
The word count shown with each question is indicative only. You will not be penalised
for exceeding the suggested word count. Please do not include additional information
which is outside the scope of the question.
Additional research
When completing the Client Information Collection Tool in Appendix 1, assumptions
are permitted although they must not be in conflict with the information provided in
the Case Study.
You may also be required to source additional information from other organisations in
the finance industry to find the right products or services to meet your client’s
requirements, or to calculate any service fees that may be applicable.
Page 4 of 44

Submitting the assignment
You must submit your completed assignment in a compatible Microsoft Word
document.
You need to save and submit this entire document.
Do not delete/remove any sections of the document template.
Do not save your completed assignment as a PDF.
The assignment must be
completed before submitting it to Kaplan Professional
Education. Incomplete assignments will be returned to you unmarked.
The maximum file size is 5MB. Once you submit your assignment for marking you will
be unable to make any further changes to it.
You are able to submit your assignment earlier than the deadline if you are confident
you have completed all parts and have prepared a quality submission.
The assignment marking process
You have 12 weeks from the date of your enrolment in this subject to submit your
completed assignment.
Should your assignment be deemed ‘not yet competent’ you will be give an additional
four (4) weeks to resubmit your assignment.
Your assessor will mark your assignment and return it to you in the Certificate IV in
Finance and Mortgage Broking subject room in KapLearn under the ‘Assessment’ tab.
Make a reasonable attempt
You must demonstrate that you have made a reasonable attempt to answer all of the
questions in your assignment. Failure to do so will mean that your assignment will not
be accepted for marking; therefore you will not receive the benefit of feedback on
your submission.
If you do not meet these requirements, you will be notified. You will then have until
your submission deadline to submit your
completed assignment.
How your assignment is graded
Assignment tasks are used to determine your ‘competence’ in demonstrating the
required knowledge and/or skills for each subject. As a result, you will be graded as
either competent or not yet competent.
Your assessor will follow the below process when marking your assignment:
• Assess your responses to each question, and sub-parts if applicable, and then
determine whether you have demonstrated competence in each question.
• Determine if, on a holistic basis, your responses to the questions have
demonstrated overall competence.
Page 5 of 44

‘Not yet competent’ and resubmissions
Should sections of your assignment be marked as ‘not yet competent’ you will be
given an additional opportunity to amend your responses so that you can demonstrate
your competency to the required level.
You must address the assessor’s feedback in your amended responses. You only need
amend those sections where the assessor has determined you are ‘not yet
competent’.
Make changes to your original submission. Use a different text colour for your
resubmission. Your assessor will be in a better position to gauge the quality and
nature of your changes. Ensure you leave your first assessor’s comments in your
assignment, so your second assessor can see the instructions that were originally
provided for you. Do not change any comments made by a Kaplan assessor.
We are here to help
If you have any questions about this assignment you can post your query at the ‘Ask
your Tutor’ forum in your subject room. You can expect an answer within 24 hours of
your posting from one of our technical advisers or student support staff.
Page 6 of 44

Section 1: Case study 1 — Malcolm and
Susan Johnson
Background
Malcolm and Susan Johnson are a young couple about to buy their first home. They
have been married for five years and during that time have rented an apartment while
also saving for their own home.
They have been looking at properties for the last month and one has really caught
their eye, although the bathroom and ensuite could do with a little work. They had
planned on shopping around the various lenders themselves to find the most
appropriate loan for their needs, but as they both work, they have little time to do the
research necessary. And, as they both admit, they have limited knowledge of the loan
products available and might have difficulty in evaluating the options.
They have not paid a deposit at this stage.
On a suggestion from Susan’s brother (one of your former clients) they have contacted
you about the loan.
Following is a summary of the details of the property they wish to purchase, the
couple’s financial and employment details, and the loan features they require.
The property
Address: Unit 12, 43 Seaside Parade, Coastville, <Your State>
Purchase price: $490,000
Description: 2 bedroom strata title unit
Agent details: Steven Allstone
Phone: [phone]
Mobile: [phone]
The couple
Current address: Unit 12, 22 Wentworth Lane, Highville, <Your State>
Malcolm and Susan have lived there 5 years
Home phone: [phone]
Funds position
Purchase price: $490,000
Estimated costs: $20,000
Total required: $510,000
Loan: $430,000
Own contribution: $80,000
Page 7 of 44

Assets
Capital Bank savings account (joint) $92,000
Capital Bank cheque account (joint) $1,600
Holden Commodore SS, eight years old (Malcolm) $25,000
Suzuki Baleno, seven years old (Susan) $9,000
Superannuation — Capital Bank (Malcolm) $28,000
Superannuation — Capital Bank (Susan) $62,000
Household effects (insured value) $40,000
Liabilities
Capital Bank personal loan (Malcolm) $3,600
(repayments $180 p.m.)
Capital Bank Visa card (Malcolm) $200
(limit $2,000)
Capital Bank Visa card (Susan) $600
(limit $3,000)
All debts have been repaid according to arrangements. In relation to the credit card
debt, the minimum monthly commitment should be calculated at 3% of the credit
limit.
Income/employment
Malcolm (date of birth 21/2/86)
Position: Team leader (full time)
Employer: ACME Limited
101 City Rd, Westside, <Your State>
Phone: [phone]
Income (gross): $55,000 p.a., net monthly income: $3,705
Employer contact: Alison Johnson, HR Manager
Length of service: 10 years
Driver’s licence: 8855KL
Email: [e-mail]
Page 8 of 44