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Probably one of the most creative mortgage arrangements in recent decades has to be the endowment mortgage. In this case the principal is paid off by an insurance policy and only the interest on it is due from the mortgage holder.
Sadly in recent times, this kind of arrangement has not worked all that well and mortgages have remained due even after the cashing in of insurance policies on them. Part of the problem is that some of these policies are not all that desirable to purchase for many buyers, however it is just a case the seller being able to find the right buyer for their unique endowment policy. By finding the right buyer the endowment policy holder may be able to receive up to 35% more for their endowments policy.