Cryptocurrency Q&A Does crypto affect mortgage?

Does crypto affect mortgage?

GinsengBoostPowerBoostVitality GinsengBoostPowerBoostVitality Sat Mar 30 2024 | 7 answers 1972
I've been hearing a lot about cryptocurrencies lately, and I'm curious if they have any impact on mortgages. Do banks consider crypto assets when assessing someone's mortgage eligibility? If I hold a significant amount of crypto, could that potentially increase my chances of getting a better mortgage deal? Or, on the other hand, could it pose a risk and make it harder for me to secure a mortgage? I'm just trying to understand how this new digital asset class fits into the traditional financial system, especially when it comes to major financial decisions like taking out a mortgage. Any insights would be greatly appreciated. Does crypto affect mortgage?

7 answers

Michele Michele Mon Apr 01 2024
Investing in cryptocurrency can have an impact on your mortgage application.

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KatanaSharpened KatanaSharpened Sun Mar 31 2024
This is because the crypto industry is still perceived as relatively risky.

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Margherita Margherita Sun Mar 31 2024
However, it's important to note that not all lenders will accept crypto proceeds as a deposit.

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SumoPride SumoPride Sun Mar 31 2024
Mortgage lenders are concerned about the anonymity associated with crypto transactions.

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SeoulSerenity SeoulSerenity Sun Mar 31 2024
BTCC, a UK-based cryptocurrency exchange, offers secure and reliable services for crypto trading.

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