The brokerage unit of Fidelity Investments has joined with GMAC Mortgage Corp. to let borrowers secure the down payment portion of their loans without liquidating their investments.

The program lets people borrow 100% of their home's purchase price and pledge for the down payment with securities in their Fidelity account. They are not charged interest on the pledge, and they avoid taxes that could be triggered by selling appreciated securities.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.