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Secured Loan (mortgage) results
For general tips about reading the results, see the Results step.
You can see results about a secured loan in the following places:
- At the Strategy summary sub-step (under the Results step on the top menu) you will see sections for:
- Each secured loan (listed under the asset it is financing) - this will show initial balance or amount borrowed, projected final balance or if paid off.
- On the asset that the loan is financing, the loan balance will be included in the total loan balances, including if the loan is secured by another asset.
- At the Cash flows & action items sub-step (under the Results step on the top menu):
- The Cash flows report > Revenue section lists the following lines (if in the strategy):
- Amount borrowed for any new secured loan
- Redraws from the offset account
- The Expenditure section lists the following items (if in the strategy):
- Repayments on the loan
- Deposits to the loan offset account
- In the Action items, there will be points for loan repayments and a statement when the loan is fully repaid.
- The Cash flows report > Revenue section lists the following lines (if in the strategy):
- Detailed reports sub-menu (on the Results step on the top menu), the following reports may be useful (note, these reports list values for every year in the analysis):
- Loans repayment summary and Loans borrowing summary (under Consolidated) - this gives an overview of all the loans in the case including the loan balance, loan repayment, interest, and minimum repayment.
- Under Consolidated > Assets & Loans find the asset that the loan is funding.
- On the asset report, there are sections for LVR, Financing and a summary of each loan relating to the asset (securing or financing).
- Under the asset report, there are sub-reports for the loan:
- (Secured loan) report which gives an overview of the loan, and year-by-year, minimum repayment required, interest, and loan repayment
- Under this report are sub-reports for:
- Interest - for each year, calculates the interest on the loan
- Loan offset account - shows, year-by-year, deposits, redraws, and start and end-of-year balances (for more about offset account results, see Cash and offset account results)
- Under (Individual) > Assets & Loans there are similar reports for a loan, however, only the individual's repayments, interest, and loan offset account transactions are reported.
Adjusting your results
If you would like to change something in the results or make another scenario for comparison, you need to change your input data and solve again. See Secured loan for data entry tips, or these links for more tips: