Life Investment Corporation NZ LTD.

Showing Tag: "auckland" (Show all posts)

Debt Consolidation

Posted by Saul Mohan on Sunday, September 25, 2016, In : Case Studies 

Case study

Applicant
 
Auckland couple, aged 25 and 29 years old, with two children aged 3 and 1. They were looking to improve their financial position to help them on the path to home ownership. Their combined income was approximately $83k, a Net Servicing Ratio of 85% and a strong credit profile. They also had a 2013 vehicle to offer as security.

Application
They applied to consolidate two personal loans at above 15.9%p.a. and a maxed out credit card at 23.9%p.a.

Result
Our team uncovered...


Continue reading ...
 

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...


Continue reading ...
 

How Much Life Insurance Do I Need?

Posted by Saul Mohan on Thursday, November 3, 2011, In : Personal Insurance. 

How much life insurance you need are depends on Basic Factors like:

  1. Time Left until Retirement – Many peoples’ biggest asset is their ability to work and earn income.  Since most breadwinners purchase life insurance to replace that lost income in an unexpected death, you should consider how long you need to or plan to work.  If you only plan working another 10 years, you may not need more than 10 years of life insurance coverage, and so on.
  2. Spouse’s Income Potential - If your spouse does ...

Continue reading ...
 
 
blog comments powered by Disqus

 Life Investment Corporation NZ Ltd and its Directors take no responsibility for the accuracy of this information.

 

 Copyright © 2007 Life Investment Corporation NZ Ltd.  Privacy 

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.