Bitcoin Mortgages Let Buyers Keep Their Crypto – and Debt
Photo: Coindoo
Key Takeaways Collateral ratio: $2.50 of Bitcoin per $1 Missed payments: Bitcoin liquidation possible after 60 days Pre-applications reached $360 million in requested loans $130,000 loan at 7.40%: about $900 monthly The Financial Times reported on October 22 on a buyer who took a $130,000 Bitcoin-backed loan alongside a conventional mortgage, pledging $325,000 of Bitcoin, 2.5 times the loan. Better’s pitch leaves out the second loan Better and Coinbase announced the product in March and made it generally available in August .
Source: Coindoo
