Based on the information provided in the case study and using the tools available to you (e.g. loan calculators, including those available on lenders’ websites), provide your assessment of the clients’ loan application. Consider and comment on issues such as: maximum borrowing capacity of client capacity to meet deposit and total cash contribution for the loan requiredrepayment requirements based on the loan required do they require Lenders Mortgage Insurance (LMI), and if so, how much will it cost and what are the options to pay fee what loan amount would you recommend likelihood that the clients will be able to meet all their financial obligations any other issues that may impact, now or in the future, on the clients’ ability to meet their obligations, including any possible risks. Provide data to support your comments and conclusionsIn resource section template ASS 2 must be completed as part of this assessmentMost lenders stress test loan repayments by adding an additional 2–3% on to the loan repayments to make sure a borrower can afford the repayments. If interest rates moved 3% higher, what would Tim and Tina’s loan repayments be and do you think they would be able to cope with the extra repayments?