Hot Topic🔥Crypto for a home? Coinbase brings token-backed down payments to housing market
Coinbase has partnered with Better Home & Finance to let homebuyers use Bitcoin (BTC) or USDC as collateral for down payments, without selling their crypto🏠
This allows buyers to keep their digital assets while still getting a traditional Fannie Mae-backed mortgage. 🧵
Source:
How it works:
You pledge your BTC or USDC held on Coinbase as collateral for a separate loan that covers the down payment.
The actual mortgage on the house remains a standard conforming loan originated and serviced by Better. No need to liquidate your crypto or trigger taxes.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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