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Milo Launches Bitcoin Mortgage In The U.S. Today

Real estate fintech Milo will launch the first U.S. bitcoin mortgage offering, enabling customers to leverage their BTC holdings to purchase properties in the country, the company said in a statement Tuesday.

Instead of selling bitcoin for a down payment to qualify for a mortgage, Milo now lets Americans and foreigners use their bitcoin stack as collateral for purchasing real estate in the U.S.

“Milo’s clients will be able to pledge their Bitcoin to purchase property and finally qualify for a low-interest rate 30-year crypto mortgage,” per the statement. “This solution will allow clients to continue to own their bitcoin and diversify into real estate, all while keeping the potential price appreciation of both. Clients will be able to finance 100% of their purchase with no dollar down payments required and do this faster than a conventional mortgage.”

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