Coinbase and Better.com Unveil Crypto-Backed Mortgages

The post Coinbase and Better.com Unveil Crypto-Backed Mortgages appeared first on Coinpedia Fintech News

Leading US exchange Coinbase has partnered with Better Home & Finance (Better.com) mortgage lender, to launch cryptocurrency-backed mortgages.

Henceforth, home buyers can pledge their Bitcoin (at 250% collateral) or USDC (at 125%) as collateral for home loans without selling them (the tokens). This eliminates capital gains tax since there are no realized gains.

Additionally, these loans comply with the new Federal Housing Finance Agency (FHFA) standards, which make them eligible for lower interest rates than private cryptocurrency loans.

Notably, the loan terms and conditions remain unchanged amid crypto market volatility. While this introduces liquidation risk if the asset’s value falls below the threshold price, it provides home buyers with loan repayment stability.

Get your house and keep your crypto.

Crypto-backed mortgages are here – increasing access to homeownership for millions of Americans.

Buy a home without converting your portfolio by using BTC or USDC as collateral for your down payment.

Offered by Better, powered by Coinbase. pic.twitter.com/9hfL3fVty5