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Been diving down the mortgage rabbit hole again lately

I’ve learnt about “alt doc” loan structures here in Australia

Essentially debt that can be issued against 1) a property and 2) an accountants signature

It’s very helpful for people who don’t want to sell BTC & might struggle to show serviceability

You certainly get stung on the interest rate of 8% plus (but would you rather pay for a more expensive loan by a few basis points or sell BTC & lose the cap growth potential?)

The irony being a 150k aud salary is easier to get a loan against than a strong balance sheet…

🤔

Low Information Voter 1y ago

I can see a lot of good arguments for paying more and keeping the BTC. If the worst happens and the bank forecloses, you still have the BTC.

Just make sure there's no KYC breadcrumb trail...

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Discussion

Jake Woodhouse 1y ago

Or the flip side of that, if you use BTC to leverage, and get margin called

You lose the BTC, which is bad, but what’s the point of money? To buy things

So if you keep the house and lose the BTC later down then maybe it’s a fair trade

Quite a few variables to consider