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Tag Archives: Mortgage Interest Rate

Endowment and Discount Mortgages

Endowment Mortgage

Endowment Mortgage An endowment mortgage is very similar to an Interest Only mortgage with one main difference. The difference is that an amount of money is paid into an endowment saving vehicle that will pay off the capital at the end of the mortgage term. The endowment is often linked to the stock market. This …

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Fixed and Capped Rate Mortgages

Interest Rates Mortgages

Fixed Rate Mortgages A fixed rate mortgage is where the interest rate in fixed for a certain period. At the end of this fixed term the standard variable interest rate applies. Most fixed rate mortgages have some kind of fee applied to the mortgage by the lender. This is offer referred to an agreement fee. …

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