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With global financial and real estate markets facing volatility we haven’t seen in years, many potential homebuyers have made the difficult decision to put their homeownership plans on hold. Borrowers are facing rapidly increasing interest rates and watching as required down payments for homes skyrocket.
And while interest in digital real estate across the metaverse continues to grow, that doesn’t bring much comfort to those looking to find their next home.
Fortunately, not everything dealing with the blockchain involves ownership of pixelated art in the form of non-fungible tokens or NFTs. Crypto mortgages are becoming an increasingly popular alternative for those looking to secure funds for a new home.
In this article, we’ll cover everything you need to know about crypto mortgages, from the pros and cons to the growing list of startups offering borrowers the ability to take out a home mortgage using crypto as collateral.
Who said crypto doesn’t have any real-world value?
Tired of throwing money away on rent? It’s not too late to enter the Parcl home giveaway. We’re giving away $100,000 for a down payment on a new home.
