|
|
|
 |
Loan and Mortgage Terms Glossary |
 |
|
 |
Pledged Account Mortgage (Pam):
A type of mortgage loan in which the borrower's payments are supplemented by payments from a savings account pledged as additional collateral for the loan. The savings account is established with part of the downpayment.
|
|
|
|
|
|
|
| |
