This document is Assessment 2 for FNS40815 Certificate IV in Finance & Mortgage Broking. It involves reviewing loan application scenarios and assessing clients' loan applications. The assessment includes analyzing borrowing capacity, deposit requirements, repayment requirements, LMI options, and other factors. Data is provided to support the assessment. The document also explores the impact of increased interest rates and suggests options to avoid Lenders Mortgage Insurance (LMI). It complies with the National Consumer Credit Protection Act (NCCP) requirements by identifying reasonable inquiries. Additionally, it provides information about the first home owner's grant and stamp duty concessions in New South Wales (NSW).
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