Milo is introducing what it claims is the world's first 'crypto mortgage.' Consumers will be able to leverage their BTC holdings and digital assets to purchase real estate in the U.S.
Miami-based fintech startup Milo is introducing what it claims is the world’s first “crypto mortgage.” The digital bank will allow crypto investors to leverage their digital assets to purchase real estate in the United States.
“Instead of selling your crypto for a down payment to qualify for a mortgage, a crypto mortgage lets you leverage your crypto to invest in real estate.” It remains unclear how much BTC will be needed to secure a loan, or the level of over-collateralization needed to balance out the digital asset’s volatility. Cointelegraph has asked Milo for more details and will update this story when we hear back.as collateral and ZERO fiat deposit with mortgage lender Milo.
According to Milo, its other mortgage solution for foreign nationals has originated millions of dollars in loans already and has seen applicants from over 63 countries. It allows non-U.S.-based customers to close their housing loans remotely, without the need to travel to the U.S. or to an embassy.
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