‼️ Cryptocurrency enters mortgage programs



📈 Rate has introduced a mortgage program that considers the borrower's cryptocurrency as qualified reserves or a source of income.

More than 10% of Americans own digital assets. However, most traditional mortgage programs do not recognize cryptocurrency as collateral, and owners are reluctant to sell it due to potential tax implications.

✅ According to the program, crypto assets must be stored with approved custodians or on CEX. Borrowers are required to provide proof of ownership through monthly statements.
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