"More than 10% of Americans hold digital assets, with some maintaining six- and seven-figure portfolios, according to Rate's press release. But despite that growth, mortgage lenders have generally required borrowers to liquidate cryptocurrency holdings, potentially triggering tax consequences, or to use pledged-loan structures that can limit control over the assets. RateFi is designed to allow borrowers to use verified, nonliquidated cryptocurrency as qualifying income and reserves within existing mortgage frameworks."
"We built this product to apply common-sense underwriting to a modern financial reality, allowing qualified borrowers to use their crypto without selling it, without gimmicks, and without stepping outside established lending standards. RateFi represents the first phase of a broader digital asset lending strategy the company plans to expand over time. As the definition of wealth evolves, lending needs to evolve with it."
More than 10% of Americans hold digital assets, with some maintaining six- and seven-figure portfolios. Mortgage lenders have generally required borrowers to liquidate cryptocurrency or use pledged-loan structures, risking tax consequences and limiting control. RateFi allows qualified borrowers to use verified, nonliquidated cryptocurrency as qualifying income and reserves within existing mortgage and non-QM frameworks, preserving asset control without forcing liquidation. The program applies standard AML and KYC verification, operates within established underwriting, pricing, and operational platforms, and represents the first phase of a broader digital asset lending roadmap aimed at closing loans compliantly and at scale.
Read at www.housingwire.com
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