- We have touched a $10 Million bar since April in the USA only: Milo Credit
- “The success of our company is a clear proof of our ability”:CEO
After a long time since the crypto market has faced crypto winter, now the crypto life seems to be back on its track. A crypto mortgage company has recently revealed that they have touched a $10 million bar only in the USA. They introduced their 30-year crypto mortgage to the market last April.
The company claims its product as the world’s first crypto mortgage offering, and crypto investors find the platform easy to buy property by using their digital assets.
Josip Rupena, the CEO of Milo, says that “the success of our company is a clear proof of our ability towards the institution, and it creates an excellent solution for the crypto company.”
We have amazing strength, and we are also ready to help people to broaden their money to produce real-world yield through real estate. We have an incredible and unique solution for our customers who are willing to invest in real estate and continue in this field. We wish to appreciate their potential even in this changing world.
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The first crypto mortgage
According to Milo, the company is the first financial technology company that offers a mortgage. It also helps in bridging digital assets with traditional finance.
“For purchasing the property, the customer has to commit their crypto with a regulated and insured overseer like Coinbase. After that, they can fund up to 100% of their purchase and also in this case, no down payment is required. To take the advantage, the customer has to qualify with Bitcoin, Ethereum, and USDC for the mortgage, and then they can easily get a 30-year crypto mortgage up to $5 million with very low-interest rates.”
The company also received applications from over 90 countries that have originated nearly $100 million in loans from the U.S. and abroad.
Conclusion
If we go through the company’s point of view, then real estate is the key to making money additionally. The crypto users have chosen tougher ways to make money, leaving the chapter of real estate untouched.
The company also offers a crypto mortgage to thousands of pre-qualifier borrowers. This is the way of letting the borrower know what they can actually afford.
Source: https://www.thecoinrepublic.com/2022/07/23/milo-credit-has-given-up-to-10-million-loan-since-april/