Considering the volatile state of the current real estate market, it does not make any sense for retirees to invest in endowment mortgages. Considering how many endowment mortgages currently exist, it would seem that there are a great many individuals playing Russian roulette with the equity and value of their homes that might not otherwise have anything going for them. In the case of those individuals who are dead set on utilizing endowment mortgages, it makes a lot of sense to study the state of the market before making any rash decisions. Considering the ability for the lending institutions to recover from their current downfall as well as the value of real estate to increase will have much to do with the overall decision of whether or not to utilize an endowment mortgage.
As long as the market continues to accelerate and expand, endowment mortgages are fiscally sound and can pay off quite well for those who are less than concerned about their overall investment in their home and passing that investment on to loved ones. For those who are alone in the world and have little other income opportunities, an endowment mortgage can be an exceptional way to keep up with the bills. Unfortunately, with the markets in the current financial condition that they are in, it can be unwise to invest in this way as the return can be less than what you might expect and not enough to make the investment worthwhile.
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