"... When we sell a house to a homeowner, the homeowner gets a great house with easy credit approval... and they get an interest rate discount if they pay their mortgage payment in PEXT " - What kind of discount? and what is the interest rate?
" ...the homeowner gets a great house with easy credit approval.. " - What does "... with easy approval of the loan ...?
If I want to buy a house from your site for $ 350,000, then tell me on the numbers or% what and how will I pay? Using PEXT.
distribution of profits to holders PEXT - beautiful and enticing, but with real estate is not very clear!
Hi Kokoruk,
I apologize, I don't stop by every day. You can catch me on Telegram almost everyday!
https://t.me/PEXTokensFor your questions I'll answer one by one...
"... When we sell a house to a homeowner, the homeowner gets a great house with easy credit approval... and they get an interest rate discount if they pay their mortgage payment in PEXT " - What kind of discount? and what is the interest rate?
What kind of discount: The discount that our homeowners will receive will be an interest rate discount of 0.25%. This is the incentive that the homeowners receive to pay their mortgage payment in PEXT rather than USD. As an added benefit, if the homeowners choose to become PEX-Token holders themselves, meaning that they hold on to PEXT over and above their monthly mortgage payment, they will have an opportunity to experience appreciation in the price of PEXT should the PEXT go up. The mortgages are priced in USD. So in theory, as the months and years go by, the amount of their monthly payment in USD will stay the same, but if they've held on to their PEXT their monthly payment due in PEXT could drop significantly.
What is the interest rate: The interest rate today is 7% on a 30 Year Fixed Rate Mortgage. This is historically an extremely good price. We reserve the right to change the interest rate along with market rates to protect our project, but if you're quoted an interest rate it is valid for 30 days. After 30 days, if you don't put your down payment in escrow with us, the rate may change. Once your rate is locked in, the rate is a 30 Year Fixed Rate. No funny business, everything is straightforward.
" ...the homeowner gets a great house with easy credit approval.. " - What does "... with easy approval of the loan ...?We don't verify employment. We don't verify income. We don't require an aging of your assets.
We need to know who you are, and you'll need to prove it by government photographic ID.
We need to know where you live, and you'll need to prove it by a current utility bill for your residence.
This is for KYC/AML requirements.
We will verify the amount of your liquid assets. You must prove that you own in liquid reserves the down payment you will be paying down plus 24 months in monthly payment reserves. You will pay us the down payment into escrow, and you yourself will hold on to these monthly payments, but this is the criteria that we use to prove that you have the wherewithal to tackle a house like this. That's all there is to it!
If I want to buy a house from your site for $ 350,000, then tell me on the numbers or% what and how will I pay? Using PEXT.The numbers are the purchase price of $350,000.00 requires you to pay $87,500.00 USD-equivalent down, payable in either USD, an equivalent fiat currency, or BTC, ETH, and/or LTC, and/or a combination thereof. At this time we cannot accept PEXT as down payment until liquidity is established for PEXT in the markets, since we will be returning PEXT to the market. Additionally, you must prove that you have liquid assets in the amount of 24 months' worth of mortgage payments. Then we're ready to move forward!
