Bitcoin Mortgage Guide

[Jmob17]

We put together a Bitcoin Mortgage Guide that also helps understand how to make it work alongside a standard home mortgage. 

We would love feedback on this should you have time to review it. 

I can't wait for more and more use cases to come!BTCBTCBTC

https://borrowonbitcoin.com/articles/bitcoin-mortgages

[ruykeri]

I personally think that the situation is not yet ready to mortgage Bitcoin to make other assets. Different financial institutions in different countries may offer it, but since this system is still in a new state, the rules can change at any time according to the situation. And what I understand about Bitcoin is that Bitcoin is a decentralized asset and giving it to a third party for any reason means losing control. Digital assets are safe to keep only with yourself. Since Bitcoin is still a volatile asset, if the price drops too much after mortgage, finance companies can change their policies for their benefit. In my opinion, mortgages for Bitcoin will be possible in practice if it is for some rich or high-income Bitcoin holders. Especially those who have a lot of extra Bitcoin and have a lot of assets. And for those who only invest most of their assets in Bitcoin or hold Bitcoin, it would not be appropriate to mortgage Bitcoin or give it to someone else as mortgages  .

[joniboini]

A quick read tells me that every single lender is US-based, or at least targeting US customers. If that's correct, maybe a better title that reflects it would be better. Some of them probably have an EU branch or something else, but I don't think anyone from my region can access such product. Based on what I've read, there's a higher chance someone sold their BTC for fiat to buy house or building here. CMIIW.

[Aanuoluwatofunmi]

I am the type that will always appreciate the influence of mortgage as an opportunity for us to acquire our targeted assets, but come to think of it in this way, we are considering for bitcoin mortgage which I think is not the perfect enough, being a decentralized digital currency and a mortgage that has to do with a centralized platform, if we can give it the necessary time needed, I don't think we will need any mortgage before we could acquire any physical achievement we are targeting without using our bitcoin in exchange for that.