FSC526 Residential Property Lending Level 5 Assignment Sample

This is the assignment sample of FSC526 Residential Property Lending Level 5

This online course will give you contextual knowledge, specialist roles, and processes in residential property lending. It’s for anyone who wants to be a key part of this branch or is interested in getting into it.

The way that we live now has changed quickly over time thanks to new technology. Nowadays, more people are living paycheck-to-paycheck than ever before as they spend every last penny on their mortgage payments each month – leaving nothing left at all! For those looking for ways out of high monthly loan bills without having to sell their home (most don’t want), there could be some hope with an obscure little loophole called “mortgage forgiveness”.

Assignment Solution Of FSC526 Residential Property Lending Level 5

Assignment Activity 1. Recognize environmental, technical, and procedural factors that impact residential property lending advice.

Environment

1.Government legislation could change interest rates or affect who has access to financing.

2.Interest rates are at historic lows due to the quantitative easing which started in 2008 after the financial crisis.

3.Credit scores and another credit history may be affected by other life events such as for example layoffs or medical bills as well as a lack of income on your end.

Technique

1.Analysis of the potential borrower’s earnings potential and stability with respect to their educational background, other debtors (mortgages), and even frequency of job changes including how long they have been in their current position – Capacity is based upon these factors as well- If the borrower is over-leveraged, their debt to income ratio will be an important indicator (i.e.: see section 3)

2.Your own credit score/history will also play a role in access to potential lenders.

Procedural factor

The primary procedural factor that impacts residential property lending advice is whether or not the loan originates federally regulated or from a bank not regulated by federal law.

A federal banking regulator will be more concerned with compliance with regulatory requirements, such as reports to the Office of Inspector General and other governmental entities.

A non-Federal banking system may not have many government reporting requirements but most often are focused on operating expenses rather than compliance procedures.

Assignment Activity 2. Analyze financial calculations and risk factors that impact residential property lending advice.

A large portion of your decision-making process for purchasing a home should revolve around the nature and strength of the market in your local area. Certain markets may offer buyers good buying opportunities and other markets might have a long delay before any new listings come on the market. It only takes one consequence to happen, like an earthquake, drought, or even rising interest rates without some form of protection, which can really change things quickly.

Keep penalties close in mind when you get into these negotiations with an agent too. You will be signing lots of papers so make sure they are negotiable times which is very important as well as double-checking everything they put down on paper and making sure it is something within your comfort level and within your budget.

Assignment Activity 3. Apply environmental, technical, procedural, financial calculation, and risk factors in a residential property lending context.

Environmental: Factors that may affect the property’s value, natural disasters such as earthquakes;

Technical: How long will it take to build a property from start to finish? What is the cost of utilities per month? Are there any specific engineering design requirements for the site itself or for building types in this area?

Procedural: Will you need planning permission for your development? Have you obtained necessary statutory consents (e.g. highways consent) and effecting agreements before committing yourself financially by borrowing funds with which to develop the property legally and responsibly?

Does your development comply with existing local planning policy or designate an important environmental asset e.g. watercourse protection zones/areas of outstanding natural beauty.

It is important for a lender to be aware of the risks associated with lending. The available capital is not infinite, and some loans are riskier than others. There are different risk factors that will differ depending on the type of lending you’re completing.

One simple way to calculate risk in residential property lending is to estimate the percentage of debt coverage ratio allocated for each facility in your portfolio so that lenders can assess their ability to handle future defaults by comparing current loan-to-value ratios against those thresholds and take appropriate actions when necessary.

Assignment Activity 4. Apply the six-step advice process in a residential property lending context.

Phase 1: Clearly express the intent. (What is your goal?)

Phase 2: Collect all necessary information. (Who, what, when, where and why)

Phase 3: Clarify the cause. (Is this a current or future problem? What other factors exist that may be contributing to this outcome?)

Phase 4: Brainstorm solutions to a present problem or identify ways of preventing future problems from occurring.

phase 5: Select and implement solutions that are most applicable for clients with goals in alignment with their desired outcomes.

phase 6: A Evaluate effectiveness of selected solution(s) and repeat entry into the process as needed until the objective is achieved… I’ve Phase 6b Monitor solutions already implemented after sufficient time has passed to gauge their effectiveness.

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