Milo

How To Secure A Home Loan Using Cryptocurrency

How To Secure A Home Loan Using Cryptocurrency

Ellen Britt for CNT #NFTWe have already brought you news about buying a real world home using cryptocurrency, but now the worlds of mortgages and crypto are merging.Many cryptocurrency investors have been frustrated by the inability to use their holdings to fund the purchase of a home. Problem Solved!But a partnership between California based blockchain real estate startup Propy, and the Abra Borrow platform, will enable home buyers to use their crypto as collateral to borrow US dollars. The plan features flexible repayment arrangements and low interest rates, some as low as 0 percent.Propy is no stranger to the space, as they were…
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Crypto Mortgages Have Arrived

Crypto Mortgages Have Arrived

Ellen Britt for CNT #NFTUntil now, people who wanted to use cryptocurrency to purchase a home had very few options, other than cashing out their holdings and paying USD for the house.On top of having to decide which tokens you want to cash out, you will also incur a taxable event when you do. Ouch!Milo To The RescueThat’s all about to change if Milo, a Miami-based fintech startup has its way! The company is poised to offer the world’s first crypto mortgage. They plan to allow customers to use bitcoin (BTC) as collateral to qualify for a 30-year loan on a…
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