EconomyBorrowers can use $250,000 in Bitcoin for a home down payment without margin calls, but one trap remains
Better Mortgage and Coinbase have made Better’s Bitcoin-backed conforming mortgage generally available. Buyers receive the down payment through a separate loan secured by pledged Bitcoin and a second lien on the home. Bitcoin price swings alone do not trigger margin calls, but a payment delinquency lasting 60 days may lead to liquidation. Applicants must meet credit, underwriting and location requirements.
Borrowers can use $250,000 in Bitcoin for a home down payment without margin calls, but one trap remains
Economy