Life Investment Corporation NZ LTD.

Showing category "Home Loan" (Show all posts)

How your low credit score can hit your future borrowing.

Posted by Saul Mohan on Saturday, January 16, 2016, In : Home Loan 
Skipping a bill or a credit card payment does not usually seem like a big deal.
Once the rent has been paid and next week's salary is in, catching up is not often a problem.
But, starting next Sunday, missed and late payments will have the potential to affect people's credit ratings.
Banks, finance companies, telcos, electricity, gas and insurance companies will be able to collect and swap information showing how much credit someone has and how they are getting on with repayments.
A few hiccups s...
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Interest Rates Unchanged for Now

Posted by Saul Mohan on Sunday, November 20, 2011, In : Home Loan 

Reserve Bank governor Alan Bollard has decided to leave interest rates alone for the time being, with the official cash rate (OCR) left unchanged at 2.5 percent in October. However, despite this record low figure, there is speculation in some quarters that interest rates may drop even further during the next six months.

Alan Bollard spooked the financial markets slightly in late October, after speaking of declining business confidence and a weakness in recent inflation and growth data. Nationa...


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Low Deposit Borrowing - Did You Know?

Posted by Saul Mohan on Sunday, November 20, 2011, In : Home Loan 


Times have changed for borrowing dramatically over the past 18 months. At the beginning of this period Banks wouldn't lend more than 80% for a home purchase, where they are now going much higher. There are a number of reasons for this including more confidence in the market and continuing lower interest rates.

Did you know:

- You can borrow up to 95%, with the last 5% being Gifted?
- You can borrow up to 80% against an apartment?
- You can you use the equity in a...


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About Me


Saul Mohan Life Investment Corporation NZ Ltd was incorporated in 2007 By Saul Mohan with the objective of acting as Insurance Broker in New Zealand and Providing Financial services. Saul Mohan has 20 years of Experience in Finance and Banking Industry and has been into New Zealand Insurance Industry Since 2002.