Endowment loan
Endowment loan
An endowment loan is a specialized mortgage. During the life of the loan, the lender receives interest-only payments from the borrower. The principal payments are deposited into an endowment fund, where they earn interest and/or investment income. The full principal balance on the mortgage is then repaid at loan maturity.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed |
4.39 |
| 5/1 ARM | 3.69 |
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