The main advantage of a Pledged Account Mortgage for the borrower is:

Name: The main advantage of a Pledged Account Mortgage for the borrower is:
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Pledged Account Mortgages (PAMs) are designed to make the initial period of a mortgage more affordable for the borrower. They typically involve a portion of the loan amount being placed in a pledged savings account, which is then used to supplement the borrower's initial payments, resulting in lower initial payments and increased affordability.

The Main Advantage of a Pledged Account Mortgage for the Borrower