考虑中提供的信息,对客户案例研究,很明显,客户安德鲁和斯蒂芬妮·威尔逊只会资格首次业主拨款标准需要满足效果的其他计划不符合的客户。因此，贷款给这对夫妇的实际要求是(370000.00 – 7000.00)= 363000.00美元。考虑到利率为7.57%，贷款期限为25年，每月分期付款为2699.09美元。看看安德鲁和斯蒂芬妮每月的收入合计(Net)，7800美元，这对夫妇就可以支付每月分期付款了。如果贷款协议规定每年分期付款，那么每年分期付款将是32765.17美元。考虑到这对夫妇每年的净收入为93600.00美元，这对夫妇将会在25年内偿还贷款。
Considering the information as provided in the case study about the clients, it is clear that the clients Andrew and Stephanie Wilson will only be eligible to First Home Owners Grants as the criterions need to be satisfied to avail the benefit of other schemes are not met by the clients. Hence, the actual requirement of loan to the couple will be (370000.00 – 7000.00) = $363000.00. Considering the rate of interest at 7.57% p.a. and the term of the loan is 25 years, the monthly instalment will be $2699.09. Looking at the monthly combined income (Net) of Andrew and Stephanie, $7800, the couple is well placed to pay the monthly instalments. If the loan agreement provides for yearly payment of instalment, the annual instalment will be $32765.17. Considering the yearly net combined income of the couple is $93600.00, the couple will be in a good position to repay the loan amount in 25 years.
Hence the couple will likely be able to fulfil their commitments of repaying the loan within the period of 25 years.
The lender mortgage insurance allows the borrower to borrow up to 95% of the purchase price of the home with lower deposit than usually required, traditionally lenders require borrower to deposit at least 20% of the home value, lenders by using lender mortgage insurance will be able to offer home loan to the prospective buyer with lower deposit. Lender mortgage insurance will be needed considering the assets the couple has; the amount of premium for such mortgage insurance will be $3775.00.
The issue that may affect the ability of the client to repay the loan is the stability of the couple in continuing their respective jobs.In case any of them lose their job in future, the ability of the couple to pay the instalment amount will be greatly hampered. Apart from this, the client, i.e. the couple seems to be well placed financially to repay the loan according to the terms and conditions whether the instalment are payable at the end of each month for next 25 years or payable at the end of each year for next 25 years(ComlawGov AU, 2014).