CeMAP Module 3 (ASEW) Practice Questions - LIBF CeMAP Module 3 - Assessment Of Mortgage Advice Knowledge (ASEW) Exam

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During a fact-find, a client states they want the lowest possible monthly payment but also wants to be mortgage-free before retirement in 12 years. These two stated needs partly conflict. What is the adviser's correct first action?

Recommend the cheapest interest-only deal to minimise the payment Explore and prioritise the client's objectives with them to resolve the conflict before recommending Ignore the retirement comment because affordability today is what matters Recommend the longest available term to reduce the monthly cost

Correct Answer:

Explore and prioritise the client's objectives with them to resolve the conflict before recommending

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