"Token-backed mortgages are a major first step to unlocking homeownership for the younger generations that have struggled with barriers to saving for a traditional downpayment."
"The pledged crypto is only at risk of liquidation in the event of a 60-day mortgage payment delinquency."
Companies are targeting Americans with digital assets who lack liquid cash for down payments. Vishal Garg stated that 52 million Americans own digital assets. Token-backed mortgages aim to democratize homeownership for younger buyers. Borrowers can pledge Bitcoin or USDC as collateral instead of cash. The mortgage remains a standard Fannie Mae-eligible loan, priced like other conforming loans. This structure avoids liquidating assets and potential tax implications. If crypto value declines, mortgage terms remain unchanged, and additional collateral is not required unless payments are delinquent for 60 days.
Read at www.housingwire.com
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