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):
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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) ...