Endowment mortgage loans.....

payday loan, home equity loan, mortgage loan, car loan, personal loan, student loan, home loan, Syndicated loan, Stafford loan, Refund Anticipation Loan, Loan sale, Loan guarantee, Federal Perkins Loan, auto loan, online loan, immediate loan, instant loans are available with lowest interest rate, immediate online sanction, No requirement of any guarantee or security, select your nearest bank and branch only at http://www.geteloansonline.com
Home Secured loans Unsecured loans Mortgage loans Student loans Debt links
Assumed mortgage Balloon payment mortgage Endowment mortgage Equity mortgage loans Foreign national mortgage Graduated payment mortgage loan
Home Secured loans Unsecured loans Mortgage loans Assumed mortgage Balloon payment mortgage Endowment mortgage Equity mortgage loans Foreign national mortgage Graduated payment mortgage loan Student loans Debt links	Custom Search Custom Search

An endowment mortgage is a mortgage loan arranged on an interest-only basis where the capital is intended to be repaid by one or more (usually Low-Cost) endowment policies. The phrase endowment mortgage is used mainly in the United Kingdom by lenders and consumers to refer to this arrangement and is not a legal term.

The borrower has two separate agreements. One with the lender for the mortgage and one with the insurer for the endowment policy. The arrangements are distinct and the borrower can change either arrangement if they wish. In the past the endowment policy was often taken as additional security by lender. That is, the lender applied a legal device to ensure the proceeds of the endowment were made payable to them rather than the borrower; typically the policy is assigned to the lender. This practice is uncommon now.