Endowment Mortgages

Some articles on endowment mortgages, endowment, mortgage, endowment mortgage, endowments:

Problems With Endowment Mortgages
... The underlying premise with endowment policies being used to repay a mortgage, is that the rate of growth of the investment will exceed the rate of interest charged on the loan ... 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) ... Significantly, endowment mortgages continued to grow in the 1980s even after Life Assurance Premium Relief had been abolished (1984) ...

Famous quotes containing the word endowment:

    I wish more and more that health were studied half as much as disease is. Why, with all the endowment of research against cancer is no study made of those who are free from cancer? Why not inquire what foods they eat, what habits of body and mind they cultivate? And why never study animals in health and natural surroundings? why always sickened and in an environment of strangeness and artificiality?
    Sarah N. Cleghorn (1976–1959)