Search results
Results From The WOW.Com Content Network
The underlying premise with endowment policies being used to repay a mortgage, is that the premiums plus growth of the investment will be adequate to repay the loan when it falls due. Toward the end of the 1980s when endowment mortgage selling was at its peak, the anticipated growth rate for endowments policies was high (7-12% per annum).
A mortgage loan or simply mortgage (/ ˈ m ɔːr ɡ ɪ dʒ /), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.
The UK mortgage market is one of the most innovative and competitive in the world. [citation needed] Most borrowing is funded by either mutual organisations (building societies and credit unions) or proprietary lenders (typically banks).
Financial endowment, pertaining to funds or property donated to institutions or individuals (e.g., college endowment) Endowment mortgage, a mortgage to be repaid by an endowment policy; Endowment policy, a type of life insurance policy; A synonym for budget constraint, the total funds available for spending
Cryptic crosswords often use abbreviations to clue individual letters or short fragments of the overall solution. These include: Any conventional abbreviations found in a standard dictionary, such as:
One advantage of a repayment mortgage is that it removes the risk of having an investment (as exists in an endowment mortgage), the performance of which is dependent on the stockmarket. The borrower is also less likely to suffer from negative equity because the mortgage balance will be reducing month on month. [1] [2]
Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Pages for logged out editors learn more
In the United States, a five- or ten-year interest-only period is typical.After this time, the principal balance is amortized for the remaining term. In other words, if a borrower had a thirty-year mortgage loan and the first ten years were interest only, at the end of the first ten years, the principal balance would be amortized for the remaining period of twenty years.