endowment mortgage “scandal”
Many people who took out endowment policies to
repay their mortgages in the last decade have been significantly disappointed.
To understand this problem properly, please be patient and follow the
steps below: -
must first understand the basics of an interest-only loan.
We will return to discuss other aspects of the “scandal” later once
we comprehend it better.
the basic anatomy of an interest-only mortgage.
at the past history of the endowment mortgage.
why some endowment policies have not worked out as promised.
to do about the problem if it has hit you.