Certificate IV in Finance and Mortgage Broking

I’ll recommend the operation of the hard ware and the electrical appliances shop. Operation of a shop is flexible since one is able to do other activities under one roof while at the same time continuing with the transaction. It is interactive in which a buyer and seller are able to arrive at a common price through negotiation hence increasing the rate of sales. There is immediate feedback through which the buyer requiring a clarification on the use of the product is given at a glance through demonstration. It is cheaper since one doesn’t have to travel to places thus saving time and money hence improving the standard of economy. It is convenient in accessing the products thus saving the burden of the client thus improving the status of the clients’ pocket. Also the assistance in case the seller is sick is provided by the family. It encourages self-employment since you don’t have to wait in order to be paid but instead you pay yourself and also the decision is made individually without an external  influence.

It is of great importance to own a business which will give assurerity on a positive outcome due to a reduced cost of raw material, highly regarded and of optimal accessible of resources. Information on the current changes and access to information regarding positive impact of engaging in business is accessible in the internet and even the newspapers..

        Authenticity of the commencing letter from the organization, Proceeding bank statement and the appreciation form would validate the loaning organization of my active accounts.

The following are the documents required to accelerate the level of the loan application. It includes the following the next of kin, the account number, the wife details if married, postal address, phone number so that they can easily inform me when it is ready, physical address, postal address, passport or identity card, specify the birth date, gender, official name, tax return pin and proof the citizenship level .This documents would accelerate the level of application .Wife and the kin are required in case I pass on they’ll be te one securing the loan.

       For the official the businessman is mandatory to enter a contract with the lender and also explaining the remedies of contracting the breach and the policy, conditions of trade the essence this provides protection of the client over payments delays, this will provide the business rates of partial or full payments.

       Occupancy of the business will be granted as long as the client has been more than half a year as the principle residence, since the day of the covenant on the contract that is a year of settlement and also including the use of the shop. Engaging in buying through the organization will give a high credit in example the sales and even the interests realised out of the transaction and the totality of the exchange, the ownership is provided document after accomplished payment as required by the agreement act.

        Plan based o the repayment process must be based on the rates on the acquired loan and the methodologies applicable in terms of instalments, hence computing the actual deposit business tax. For instance 10000 dollars of the loan 8% interest is able to give out 24% for the 7 years plan on the repayment process and reducing balance the land rates on tax is held on. In the 15years plan on the loan repayment process may reduce the tax rate imposed on 8% of every 10000 to give out 10112

Table

Payment date

Opening balance

Interest

t

Principal

Property tax

Total payments

Closing balance

remaining

1

180

800

230

350

1250

185.75

340

2

180

798

232

350

1250

185.70

337

3

178.98

797

234

350

1250

184.90

335

4

179

796

235

350

1250

184.00

334

5

178.98

795

236

350

1250

184.00

333

6

178.98

793

238

350

1250

184.00

331

7

178.40

789

240

350

1250

184.00

329

8

178.00

788

241

350

1250

184.00

328

9

177.98

785

243

350

1250

184.00

326

The purchase price 100,000 interest: 8% duration, 7 years the loan amount would be 80,000 loan at the start date of 01/01/2033

.The use of the PayPal, credit cards and other digital mechanisms are introduced to ensure safety of the involved account the client s use for the shopping business thus facilitating the level of devotement in the covenant of the instalment methods. Not only does it depend on the credit card as the major income but also the use of PAYE and the wages and salaries obtained from the goods sold. The DFI always raises alarm on the input of the enrolment of individual account expecting a full percentage of the sum of resources.

The institution may propose some benefits to the customer in consideration of the interval payments probabilities for the 7 years of the instalments period.Business sole proprietorship is valued with the information that is transformed through the business board engaging the steps to obtain the licence of running the business in the owned business until the last stage of the payment process thus facilitating the account of the business giving its necessary accurate output. The active and willing individual is awarded to acquire the shop to access business transaction themselves, through devotedness and back up from the institution.

Incompliance to repay the loan may attract the increased duration in terms of years to reduce the balance. Hence through an extension of the duration like a month attract an interest of 6% on the instalment partially paid to cover up delayed payments.