pledge asset mortgage question. - Posted by Steve

Posted by Dave T on January 30, 2000 at 17:00:29:

Try First Union National Bank. They have a loan program that will allow either you or a family member to use CDs on deposit as collateral for the down payment. The pledge term is either 7 years or the time it takes to pay down the principal to below 80%, whichever comes first.

I hope this answers what you meant when you asked the question.

pledge asset mortgage question. - Posted by Steve

Posted by Steve on January 28, 2000 at 14:54:41:

Hi,

I have been trying to find a bank that has the pledge-asset mortgage option and so far have no luck. Any idea where I might find one?

Steve