Wednesday, March 14, 2007

Endowment Mortgage

When we were looking into mortgages it seemed like there were so many options that it was overwhelming. In the process of researching different options I spent a fair amount of time reading about endowments. This is a mortgage in which only the interest on the principle of the mortgage loan is due. The borrower then has an endowment policy which is type of insurance. These types of mortgages were very popular in th 70s and 80s but have been since found to be full of short falls. A number of borrowers are now seeking to sell their policies. A good place to sell such a policy would be to offer the sale through an endowment policy selling service.

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