Milo Bank launched a mortgage loan service secured by cryptocurrency
The mortgage is issued for a period of up to 30 years without a down payment and tax liability
20.01.2022 - 09:15
219
1 min
0
What’s new? Milo, a digital cryptocurrency bank, has published a press release announcing the launch of a mortgage loan service secured by bitcoin. The US residents can get a mortgage to buy real estate in the country.
What are the conditions for granting the mortgage? According to Milo, the main condition for calculating interest and deciding whether to grant the mortgage will be the amount of cryptocurrency in the customers’ wallets. For the purchase of the property in the US, the loan can be granted for up to 30 years. In this, the borrower will not be required to make a down payment. The interest rate on such loans is not yet known.
Milo has now opened a waiting list. According to the cryptocurrency bank, the mortgage loan service secured by cryptocurrency will become available to customers in a few months.
Useful material?
Telegram 
Twitter Market
This is the first step toward applying to list ETF shares
Oct 2, 2024
Mining
In turn, fee income fell to its lowest point since the BRC-20 token standard was introduced
Oct 2, 2024
Incidents
The figure for the first three quarters of 2024 exceeded $2 billion
Sep 30, 2024
Market
The commission’s chair said that the bank’s approach to storage is suitable for a variety of cryptocurrencies, not just BTC and ETH
Sep 27, 2024
Market
The seller claims that the data was obtained as a result of a leak in August of this year
Sep 24, 2024
Market
The increase in fees caused an increase in the volume of coins burned during transactions
Sep 23, 2024
Cryptocurrency rates
-
Bitcoin
$62 544
BTC
-0.94%
-
Ethereum
$2 433.95
ETH
-0.79%
-
BNB Smart Chain
$571.11
BSC
-0.17%
-
Ripple
$0.529908
XRP
-0.97%
-
Dogecoin
$0.107672
DOGE
-3.89%
-
Cardano
$0.352849
ADA
-1.41%
-
Bitcoin Cash
$325.51
BCH
-0.34%
-
Polkadot
$4.14
DOT
-1.3%
-
Litecoin
$65.38
LTC
-1.86%
-
Stellar XLM
$0.090884
XLM
-1.71%