What is another word for endowment mortgage?

22 synonyms found

Pronunciation:

[ ɛndˈa͡ʊmənt mˈɔːɡɪd͡ʒ], [ ɛndˈa‍ʊmənt mˈɔːɡɪd‍ʒ], [ ɛ_n_d_ˈaʊ_m_ə_n_t m_ˈɔː_ɡ_ɪ_dʒ]

Endowment mortgages were a popular way of repaying a home loan during the 1980s and 1990s, however, they have since fallen out of favor. There are a few synonyms for endowment mortgages, including investment mortgages or capital and interest mortgages. Investment mortgages are similar to endowment mortgages in that homeowners invest their money, usually in stocks and bonds, with the hope that the investment will grow over time and cover the cost of the mortgage. Capital and interest mortgages, on the other hand, require homeowners to pay both the capital and interest on the loan in equal amounts each month, which can be more affordable for some borrowers.

What are the hypernyms for Endowment mortgage?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

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