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Mortgage Loans - Types Of Mortgages
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COLLATERAL PLEDGE PROGRAM
The Collateral Pledge Program allows us to offer creative solutions in cases where the borrower may not have a downpayment, or credit quality is not quite conforming to the secondary market guidelines or a relative may want to assist
with the purchase of a home without making a cash gift for a downpayment. Other collateral (e.g. liens on other real estate, autos, etc.) is used instead of downpayment cash.
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