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Endowment Mortgage
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By Jame Smith

A mortgage is typically a loan taken in lieu of some property that you own. Many schemes of mortgages are available in the market today. One of them is known as endowment mortgage. An endowment mortgage is one where the mortgage is arranged based on the interest. Here the capital is repaid by one or more endowment policies. Though not a legal term, it is widely used and accepted by lenders as well as consumers.

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This entry was posted on Thursday, September 28th, 2006 at 2:27 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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