And 13% is interest and principal paid at end. They are developing the ability to roll the loan out another year too!
Discussion
Hope to see River and others get into this game. Borrowing rates should be sub 10% APR and multisig as a standard. At that point I think this will open up a lot of things for Bitcoiner’s.
I’m excited to see what mortgage products People’s Reserve (https://www.peoplesreserve.com) offers. Supposedly rates here will be closer to what banks offer since it is a mortgage product but then you can add more bitcoin collateral to reduce interest rate too