How to Rock Cryptocurrency As Your Down Payment
The mere mention of the words "bitcoin" or "cryptocurrency" or "blockchain" is sure to evoke comments and reactions that will be far-reaching. There will be the speculators who rolled the dice and came up winners, or who are still white-knuckling their wild ride. There will be financial technicians who have been forced to grasp how this technology has the potential to disrupt the exchange of currency as we know it. But more than the reactions of either of these two subsets, you'll encounter the expressions of the mostly and mildly bewildered. Because really, when it comes to cryptocurrency, most people are downright confused:
- About what it is.
- About how it works.
- And for us in the real estate world, about whether you can use bitcoin and other digital currencies to buy residential real estate.
So take a quick video tutorial with me on how to rock the use of cryptocurrency as your down payment!
Thinking about rocking the rebel currency on your next home purchase? Give me a like or subscribe on YouTube!
Ground control to Major Tom,
Rob Spinosa
SVP of Mortgage Lending
Guaranteed Rate
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rob.spinosa@rate.com
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