Mortgage guide
of the loan together with the mortgage term and are designed so thatare sufficient to pay off the mortgage. These have been much criticisedit comes to paying off their mortgage. Note: there is no guarantee that, when the endowment matures and 'pays out', the balancewill be sufficient to repay the mortgage. Nonetheless millions of borrowers have one or more endowment policy and as a rule of thumbcertainly not before seeking advice from a suitably qualified financial adviser. If you cash in an endowment policy in the first few yearscan be used to support a new mortgage. If the new house is more expensive http://www.tiscali.co.uk/money/mortgages/guide/guide3.html
Personal loans jargon buster - Tiscali
interest you will pay on your mortgage over a year. It takes into accountHence the word "hire". Mortgage: A loan secured againstthat if you fail to pay off the mortgage as agreed, the home can be seizedThere are two broad types of mortgage:repayment mortgage. Your monthly payments covercompletely repaid. interest-only mortgage. Your monthly payments coverexample, from the proceeds of an endowment policy, a personal equity planproperty. There are many different mortgage variations, for example, variablereducing costs Debt advice Ethical finance http://www.tiscali.co.uk/money/loans/jargon.html