Milo Offers 30-Year Bitcoin Mortgage Loan!

Now, a new era has been entered in real estate purchases. From now on, buyers will be able to buy real estate using crypto mortgages!

Miami-based fintech startup Milo‘ brought by signing a first “crypto mortgageThanks to ”, the usage areas of digital assets will have increased one more time.

Currently, only bitcoinThe mortgage loan, which is valid for customers who want to use BTC as collateral, has a maturity of 30 years. For both American and international customers, all you have to do is go to USA Milo’s website. The following statements greet you on the site:

crypto mortgage; Instead of selling your cryptocurrency for a down payment to qualify for a mortgage, it gives you the opportunity to use your crypto assets to invest in real estate.

The service is expected to be available to the majority of applicants on the waiting list in the coming months. On the other hand, Milo states that he has already given some loans as part of the early access phase. However, it remains unclear how much BTC will be needed to secure a loan or what level of over-collecting is required to offset the volatility of the digital asset.

Other mortgage solutions for foreign nationals have already loaned millions of dollars and have received applications from more than 63 countries, the company said.

Speaking at the North American Bitcoin Conference on January 17, Miami Mayor Francis Suarez, known for his pro-Bitcoin stance, stated that the crypto mortgage will be a “groundbreaking achievement” in furthering the US dominance of the Bitcoin ecosystem.

Milo Is Not The Only One In Crypto Mortgage!

Although Milo broke new ground in this sense, the idea of ​​crypto mortgage was actually on the radar of another company – United Wholesale Mortgage – before. United Wholesale Mortgage, which launched a pilot program for crypto mortgage repayments with ETH and BTC in August 2021, has suspended its plans due to regulatory uncertainties.

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