Search results for Better Home
Crypto
U.S. homebuyers can use bitcoin as collateral for mortgage as Better, Coinbase launch product
A new mortgage product in the United States allows homebuyers to use bitcoin to fund a down payment without selling it. Better Mortgage, part of Better Home Finance, and Coinbase opened the product to retail customers. Borrowers must pledge bitcoin worth at least 250 percent of the down payment loan and repay both loans monthly. Late payments of more than 60 days can trigger liquidation of the collateral.
Crypto
XRPL lending infrastructure may let XRP holders borrow without selling
A planned lending infrastructure on the XRP Ledger could allow XRP holders to borrow funds using their tokens as collateral without selling, an analysis said. XRP analyst James Dooly said Coinbase’s XRP-backed loans, a government-guaranteed crypto mortgage structure and proposed XRPL lending functions could create a new model for long-term holders. He outlined a hypothetical example using USDC borrowing and possible interest income from depositing unused XRP, while noting key XRPL functions remain at the proposal stage.
Crypto
Coinbase to offer token-backed home down payment loans
Coinbase will provide home down payment loans backed by bitcoin and USDC starting this summer. Cointelegraph reported that Coinbase will work with Better Home & Finance to let eligible borrowers obtain down payment funds for Fannie Mae-backed mortgages. Borrowers will pledge bitcoin or USDC as collateral. The plan was first disclosed in March. Better founder and CEO Vishal Garg said the aim is to broaden access for people who meet key requirements but cannot raise down payments because their assets are not in forms expected by the traditional financial system.
