Crypto Mortgage

Moon Mortgage Launches New Crypto Products

Posted on by TMN Editor
Moon Mortgage, a cryptocurrency lending platform, launched two new products: a new mortgage for crypto investors and a crypto loan margin account, Trade & Borrow. Trade & Borrow allows investors to borrow against the value of their crypto while still being able to trade their assets after they’ve taken out a loan. Loans can be taken out on one-, three-, and six-month terms, with the option to renew. There is no prepayment penalty and no origination fees. “Against the backdrop of a very tough year for crypto investors, there is an obvious need to provide more options to help create material value — to ensure that investors can have as many options as possible, just as traditional retail investors have,”…

Milo Offering First Crypto Refi Product

Posted on by TMN Editor
Crypto-lender Milo Credit has launched the first-ever cryptocurrency refinance offering, according to a press release. The refinance product uses crypto assets and property as the basis of the loan, allowing currency-holders to pledge both to cash out up to 100% of their home equity value in U.S. dollars. It is geared towards homeowners who sold their crypto or took out a short-term crypto loan to buy a home in cash, allowing them to extend the repayment term to 30 years and access more financing. Milo says it also requires less collateral than other similar products, just 1x the loan amount or less compared to 2 or 3x. “Based on the success of our crypto mortgage offering, we are now able…