What Does Endowment Mortgage Mean?
What does Endowment Mortgage mean? Read on to discover the definition & meaning of the term Endowment Mortgage - to help you better understand the language used in insurance policies.
Endowment Mortgage
Loan arrangement under which only interest is paid to the lender while the principal repayment installments are paid into a life insurance policy which matures on the same date the mortgage becomes due. Compare with repayment mortgage.
We hope the you have a better understanding of the meaning of Endowment Mortgage.
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