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pledged account mortgage (PAM)

A loan tied to a pledged savings account for which the fund and earned interest are used to reduce mortgage payments gradually.

Related information about pledged account mortgage (PAM):
  1. What is pledged account mortgage (PAM)? definition and meaning
    Definition of pledged account mortgage (PAM): Mortgage loan in which the repayment settlements are supplemented by the interest income and/or funds drawn ...
     
  2. Pledged Account Mortgage (PAM): Definition from Answers.com
    Pledged Account Mortgage (PAM) Type of Graduated Payment Mortgage where principal and interest payments are supplemented by payments from a special ...
     
  3. Pledged Account Mortgage (PAM) Definition | Business Dictionaries ...
    type of Graduated Payment Mortgage where principal and interest payments are supplemented by payments from a special savings account. Funds are drawn ...
     
  4. What is pledged account mortgage (PAM)? - InvestorWords.com
    Definition of pledged account mortgage (PAM): A loan tied to a pledged savings account for which the fund and earned interest are used to reduce mortgage ...
     
  5. Definition of pledged account mortgage (PAM)
    pledged account mortgage (PAM) -- a type of mortgage loan in which the borrower's payments are supplemented by payments from a savings account pledged ...
     
  6. The Business Bank of St. Louis :: Mortgage Terminology
    Pledged Account Mortgage (PAM): Money is placed in a pledged savings account and this fund plus earned interest is gradually used to reduce mortgage ...
     
  7. Terminology - Hometown Equity Mortgage
    Principal, Interest, Taxes and Insurance. Also called monthly housing expense. Pledged account Mortgage (PAM) Money is placed in a pledged savings account ...
     
  8. Tax Information - Real estate financing, taxes, risk management ...
    Pledged Account Mortgage (PAM) Flexible Loan Insurance Program (FLIP) Reverse Mortgage Zero Percent Mortgage (ZPM) Shared Equity Mortgage (SEM) ...