Endowment Mortgage
An endowment mortgage is a reference to the method of capital repayment utilised to repay an outstanding mortgage. An endowment mortgage is a mortgage that is arranged on an interest only repayment basis with an Endowment Policy, which is an investment that provides life assurance cover for a policyholder, being utilised to accummulate an investment fund sufficient to repay the outstanding mortgage amount at maturity of the endowment term or if earlier death.
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