Endowment policy
message from our sponsors;nderstanding what endowment mortgages are is the first step towards being able to recognize current problems associated to this rather innovative mortgage idea that has worked for decades. This is the kind of mortgage where the principle of the loan is covered by a type of insurance known as an endowment policy. The endowment policy ensures that the mortgage holder will be able to pay off the loan when it is due. The only thing that remains to be paid is the interest on the loan.
In recent times, due to various reasons, endowment mortgages have not quite worked and people who take them out have not been able to pay off what is owed. In many cases it is just a question of the seller being able to find the right buyer for their unique endowments policy which means finding a service to help you sell it off.
posted by Chris @ 10:12 AM
0 Comments:
Post a Comment
<< Home