If you’re considering a Bitcoin-backed mortgage, Milo stands out as a prominent option. Milo offers a 30-year crypto mortgage that allows you to use Bitcoin, Ethereum, or USDC as collateral, enabling you to finance up to 100% of the property’s value without selling your crypto assets.
Key Features of Milo’s Crypto Mortgage:
• High Loan Amounts: Borrow up to $5 million, accommodating a wide range of property purchases.
• No Traditional Down Payment: By leveraging your cryptocurrency holdings, there’s no need for a cash down payment.
• Streamlined Application Process: The application is entirely online, designed for efficiency and user-friendliness.
• Secure Collateral Management: Milo partners with reputable custodians like BitGo and Coinbase to ensure the safety of your crypto assets.
Before proceeding, it’s essential to consult with financial and legal advisors to understand the implications and ensure that a Bitcoin-backed mortgage aligns with your financial goals and risk tolerance.
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Bitcoin-backed mortgages allow you to leverage your cryptocurrency holdings to finance real estate purchases without liquidating your assets. Several financial institutions offer such products, each with unique features:
1. Milo
• Overview: Milo offers a 30-year crypto mortgage, enabling clients to use Bitcoin, Ethereum, or USDC as collateral to purchase property. This approach allows borrowers to finance up to 100% of the property’s value without selling their crypto assets.
• Key Features:
• Borrow up to $5 million.
• No dollar down payment required.
• Quick online application process.
• Collateral held with reputable custodians like BitGo and Coinbase.
2. Moon Mortgage
• Overview: Moon Mortgage provides mortgage products that enable investors to use Bitcoin as additional collateral for real estate purchases. Their offerings are available in select U.S. states.
• Key Features:
• Utilize Bitcoin holdings to secure mortgage financing.
• Designed for real estate investors seeking to leverage crypto assets.
• Available in specific U.S. jurisdictions.
3. Unchained Capital
• Overview: Unchained Capital offers Bitcoin-backed loans suitable for various purposes, including real estate investments. While not exclusively a mortgage provider, their loan products can be used to finance property purchases.
• Key Features:
• Loans secured by Bitcoin collateral.
• Multisignature custody solutions for enhanced security.
• Flexible loan terms tailored to borrower needs.
Considerations When Choosing a Bitcoin-Backed Mortgage:
• Loan-to-Value (LTV) Ratio: Understand the percentage of the property’s value you can borrow against your crypto holdings.
• Interest Rates: Compare rates across providers to ensure competitive terms.
• Collateral Management: Ensure the lender uses secure and reputable custodians for your crypto assets.
• Geographical Availability: Confirm that the lender operates in your state or country.
• Regulatory Compliance: Ensure the lender adheres to local laws and regulations concerning crypto-backed lending.
Before proceeding, consult with financial and legal advisors to understand the implications and ensure that a Bitcoin-backed mortgage aligns with your financial goals and risk tolerance.