Better and Coinbase’s bitcoin-backed mortgages can reuse borrowers’ collateral

Better Mortgage can reuse the pledged bitcoin, and borrowers cannot recover their crypto until the main conventional mortgage is fully repaid or refinanced.

The top 3

  1. Leading Crypto Mortgage Originators by Volume: Milo has surpassed $100 million in crypto mortgage originations, including a record $12 million single loan, highlighting its significant presence in the market.
  2. Platforms with Innovative Collateral Features: Milo offers up to 100% financing by pledging Bitcoin or Ethereum as collateral, removing the need for cash down payments, and also provides a self-custody mortgage option. Strike introduced 'volatility-protected' loans, eliminating price-based margin calls as long as payments are current.
  3. Platforms with Most Competitive Rates and Terms: Nexo offers crypto-backed credit lines with interest rates starting from 1.9% annually, depending on the user's loyalty tier. Ledn provides Bitcoin-backed loans with rates starting at 11.49% APR, with lower tiered rates for larger loan amounts.

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