Want to know how mortgage endowments work?
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tracee
Apprentice
Joined: 12 Feb 2004
Posts: 18
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 Posted: 08/19/08 - 04:36 Post subject: |
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| I’ve heard about this type of mortgage so I need to know more about it, I’m considering my options and I see that there are no many of them. Can you tell me how mortgage endowments work? What is it and why is it different from any other type of mortgage if it is, in the first place. Are there some advantages or disadvantages, what can you tell me? |
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mil
Apprentice
Joined: 29 Mar 2004
Posts: 4
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| Posted: 09/17/08 - 23:47 Post subject: |
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| There are most certainly good and bad sides, but there is one thing that you have to know. This phrase is used, if I’m not mistaken, in British English and people do not really commonly understand what is it, for it is not a legal term. I mean, law people are going to be able to answer your question, but not all of us are interested in this kind of deal. For example, I’d never get a mortgage, no matter what is it like, because of various reasons which I can’t name here, for it would take me awfully lot of time. |
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