Crestar Mortgage Corp. is accepting certificates of deposit as collateral on mortgages in lieu of down payments.

Crestar said the mortgages offer the borrower a maximum interest deduction for tax purposes, while the pledged CD continues to earn interest.

The offering "will benefit a large number of potential homebuyers who either do not have a cash down payment, or who may not want to liquidate their assets for a down payment," said Marc C. Smith, president of Crestar Mortgage.

The CD may be pledged by the borrower or a relative

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