Are offset mortgages offered in the US?
Question for lenders out there: do you know of any banks or other lenders that offer offset mortgages? In this scenario, a borrower would have an account with cash that is pledged or locked up in a CD, and the cash in the account offsets and reduces the interest payment of the accompanying mortgage. Mortgages that are connected to a mortgage offset account are very common in other countries, but unsure if they are offered by any US banks or lenders? Thanks in advance for any insight you can offer.