Home Bitcoin News Milo Launches Bitcoin Mortgage In The U.S.

Milo Launches Bitcoin Mortgage In The U.S.

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Actual property fintech Milo will launch the primary U.S. bitcoin mortgage providing, enabling prospects to leverage their BTC holdings to buy properties within the nation, the corporate stated in a statement Tuesday.

As a substitute of promoting bitcoin for a down fee to qualify for a mortgage, Milo now lets Individuals and foreigners use their bitcoin stack as collateral for buying actual property within the U.S.

“Milo’s purchasers will be capable of pledge their Bitcoin to buy property and at last qualify for a low-interest price 30-year crypto mortgage,” per the assertion. “This answer will enable purchasers to proceed to personal their bitcoin and diversify into actual property, all whereas holding the potential worth appreciation of each. Purchasers will be capable of finance 100% of their buy with no greenback down funds required and do that quicker than a traditional mortgage.”

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