It seems like more and more people are falling victim to mortgage scams. Just the other day I read about low-income families losing their precious homes due to subprime loans, where customers with low credit ratings are offered mortgages in return for high interest rates. If you are a person looking to buy your first home maybe it’s about time you protect yourself and save some money at the same time by getting an endowment mortgage.
Common with UK lenders and consumers, endowment mortgages work in your favor by providing you with a mortgage loan arranged for you to save money by just paying the interest that you borrowed. So while you might spend more time looking for a deal that meets fit your income, there’s nothing wrong with garnering a profitable endowment mortgage while you’re at it. It would be wise to search hard for an endowment policy and finding the right price for you.