Pledged Account Mortgage

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January 1, 1 7 min read Definitions
Pledged Account Mortgage (PAM)
Pledged Account Mortgage PAM Home Purchase Loan Graduated Payment Mortgage Mortgage Payments Real Estate Financing Collateral
A Pledged Account Mortgage (PAM) is a type of home purchase loan where the borrower sets aside a sum of cash in a pledged account that is used to supplement mortgage payments in the initial years, reducing the payment amount during this period.
Read more about Pledged Account Mortgage (PAM).

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