However, the bank would be able to seize the assets if the borrower had defaulted on the mortgage. The borrower continues to obtain a capital gain on the pledged assets and receives a mortgage loan without a down payment. The asset is only a guarantee for the lender in case of default of the borrower. For the borrower, however, the pledged assets could significantly help in approving the loan. Using the asset to secure the bond may allow the borrower to charge a lower interest rate on the bond than it would have with an unsecured loan. Typically, pledged asset loans offer borrowers better interest rates than unsecured loans. The main difference between Roman law and English law is that some things (e.B.