Get A Mortgage Using Bitcoin?
This is now a reality, using your crypto to take out a mortgage:
You Can Now Leverage Your Bitcoin Holdings To Get A Mortgage Thanks To This FinTech
In a press release posted on Tuesday, Milo announced that it would be allowing customers to take out mortgages against their crypto holdings. This makes it the first crypto mortgage offering a financial solution that crypto users are able to leverage their digital assets to purchase real estate. The financial technology company said that users will be able to pledge their bitcoin in exchange for a 30-year low-interest-rate crypto mortgage.
Why This Is Important
What Milo is doing with the crypto mortgages is not only novel, but it is important for a space like crypto which still struggles with mainstream acceptance.