I don’t think they exist…yet. But with the new rule allowing bitcoin collateral, I imagine they’ll be to market ASAP
Discussion
I swear I thought I heard of one out there
Wasn't that on CNBC? Some guy talking about it?
Maybe, don’t know of that segment specifically but I wouldn’t be surprised
There was a guy who did an interview with brunelle but they were also over collateralized with the bitcoin. Reg mortgage doesn't require collateral.
I realize that, but it requires a credit check. I thought I had heard of one that let you segment out a balance of bitcoin and sign for its ownership, and then if you ever moved it you would have to pay a higher interest rate, but otherwise you simply needed enough allocated for backing the house. And it’s a 1:1 collateral rather than a typical 2:1 for bitcoin loans
I don't think the rule allows for Bitcoin collateral. It allows banks to assess the holdings to determine credit worthiness. (Same as showing them your stock portfolio) It's voluntary but can help you get a better rate.
The house will still be the collateral and they'll still want to see income to know you can make payments.