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This mis-selling, combined with the poor stock market performance of the late 1990s, has resulted in endowment mortgages becoming unpopular.
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Since home equity loans are secured, they usually have looser approval requirements than for personal loans and other unsecured loans.
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A type of equity release where you sell all or part of your property at less than market value in return for a lump sum, a regular income, or both.
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