Pledged Asset
An asset used as collateral instead of a cash down payment
Full Definition
Why It Matters
Understanding pledged asset helps you make informed decisions about your mortgage. This knowledge can save you money and help you avoid common pitfalls in the homebuying process.
Trusted by Homeowners Nationwide
Real reviews from Google — see why families trust NMHL
Our Presence
Click on endorsed states to see our direct resources!
Frequently Asked Questions
Pledged Asset refers to an asset used as collateral instead of a cash down payment. This is an important concept in mortgage lending that affects how your loan works.
Understanding pledged asset can help you make better decisions about your mortgage. Contact NMHL for personalized guidance on how this applies to your situation.
Ready to Put This Knowledge to Work?
Connect with an NMHL mortgage expert who can help you navigate the mortgage process.