Better Mortgage has opened applications for home loans allowing US buyers to use Bitcoin as collateral without selling it. Borrowers must pledge $250,000 in Bitcoin to receive a $100,000 deposit loan. Coinbase provides custody of the Bitcoin while Better handles the lending, with 15-year and 30-year fixed term options. If a payment is 60 days late, Better can sell the pledged Bitcoin, but a drop in Bitcoin’s price alone will not trigger liquidation. The product currently accepts only Bitcoin, though Ethereum and Solana will be added later.
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