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Posted: April 23rd, 2022
Mortgage Broking Business Assignment | Homework For You
Interest rates are forecast to rise by 1.5% over the next six months.
Required: Explain four ways this rate rise will impact a mortgage broking business.
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Question 3
You are working at a mortgage broking business and Joe (one of the new brokers) mentions that he is buying an investment property with his brother. He does not see any problem in being the broker that processes this loan transaction from beginning to end.
Required:
a) What is the legal term for this situation?
b) Advise Joe why it might be better to have another one of the brokers in the office look after this loan.
c) If Joe decides to process the loan himself list the four steps he should take. Finance homework help
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