Other cash management features offered by the company include the Fidelity American Express(R) Gold (or Platinum) Card, the Fidelity Check (debit) Card, Fidelity Money Line(R) (electronic funds transfer), checkwriting and access to GMAC's Pledged Asset Mortgage
Trust; a new pledged asset mortgage
product from Schwab Bank; and a new individual 401(k) product from Charles Schwab & Co.
Further expanding its line of integrated banking products, Charles Schwab Bank today introduced Schwab Pledged Asset Mortgage, a new product that enables borrowers to use their stock portfolio as collateral for buying a home.
Schwab Pledged Asset Mortgage leverages eligible securities in a client's investment portfolio as an additional guarantee for a mortgage loan, rather than necessitating the sale of stock for a down payment.
Schwab Pledged Asset Mortgage can be a valuable tool for investors looking to leverage stock investments to purchase a second home, retirement property or help their children with a down payment on a first home.
Schwab Pledged Asset Mortgage provides up to 100 percent home financing.
At Charles Schwab Bank we strive to provide the highest level of service and products for our clients, and the Pledged Asset Mortgage is another example of how we are working towards a more integrated service model," said Musci.
The new mortgage product, the Crestar 100 Pledged Asset Mortgage, is currently available through any office of Crestar Mortgage Corporation.
Additional information on the Crestar 100 Pledged Asset Mortgage is available by calling 1-800-452-LEND, or by contacting any Crestar Mortgage Corporation branch office.
provides a variety of deposit and lending services including, checking, savings, money market, CD accounts, home mortgages, HELOCs, Pledged Asset Mortgages
, credit cards, and debit cards.
Earlier this year, Bradford Mortgage introduced two new products -- pledged asset mortgages
, which allow home buyers to finance up to 100 percent of the property value; and mortgages made to limited liability corporations (LLCs).
provides checking, savings, money market and CD accounts, home mortgages, HELOCs, Pledged Asset Mortgages
, credit cards, debit cards, and more.