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Sam and Michelle are a hard working couple in their late 20's they returned from overseas 3years ago , their plan is to get a house ASAP keep working for a couple of years and then hopefully start a family
Sam and Michelle's combined gross income is $110,000 take out super and tax they take home $78856 neither have any credit cards or personal loans rent is $475p/w (24,700 a year) which leaves $54,176 both have a car each $8,000 per car per year to own add $5,000 for utilities, $1200 for food and $4,000 for clothing
That leaves just over $17000 they have $60,000 in savings and regularly save $800 per month they want to buy a $600,000 house near family Assess whether a home loan application by Sam and Michelle based on typical current lenders requirements is likely to be successful. Provide detailed explanation in support of your answer
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Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..
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