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Pledged Asset Programs

Pledged Asset Programs are loans that are usually taken out by people who have placed their cash in certain investments like stocks or other businesses, hence these are called assets. The loan works on the person using these assets as collateral for the loan. These loans do not require that a down-payment be made on the house you plan to purchase. Pledged Asset Programs are usually taken out by those people who belong to the higher income bracket but do not want to liquidate any of their investments to cover the down-payment or purchase price of the house or the property they desire. This is a sound decision for those people whose income from these pledged assets earns more than the interest on the loan.

The pledged asset does not have to be from the borrower / home buyer.  The assets may be pledged by anyone (parent, friend, etc…) in lieu of the borrowers down payment, and the pledged assets may alleviate the need for Private Mortgage Insurance (PMI) or a second mortgage.

Would you like to learn more about the pledged asset program? Fill out the form below!		    
 
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