""For decades, the path to homeownership has required Americans to sell assets, liquidate investments, or withdraw retirement savings. This partnership introduces a new pathway for millions of Americans who hold digital assets.""
""By allowing borrowers to pledge crypto instead of cash, the product aims to unlock that balance sheet for housing access.""
""The mortgages are designed to minimize volatility risk for borrowers. The loans do not include margin calls or collateral top-ups.""
Coinbase partners with Better Home & Finance to offer crypto-backed mortgages, enabling borrowers to use Bitcoin or USDC as collateral for down payments. This innovation addresses the challenge of upfront costs in home buying, allowing individuals to maintain their digital assets while avoiding capital gains taxes. The mortgages are structured as conforming loans, adhering to Fannie Mae standards. Approximately 41% of American families struggle to purchase homes due to lack of liquid cash, despite holding wealth in other forms. This partnership aims to provide a new pathway to homeownership for millions.
Read at Bitcoin Magazine
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