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.
7 answers
Michele
Mon Apr 01 2024
Investing in cryptocurrency can have an impact on your mortgage application.
KatanaSharpened
Sun Mar 31 2024
This is because the crypto industry is still perceived as relatively risky.
Margherita
Sun Mar 31 2024
However, it's important to note that not all lenders will accept crypto proceeds as a deposit.
SumoPride
Sun Mar 31 2024
Mortgage lenders are concerned about the anonymity associated with crypto transactions.
SeoulSerenity
Sun Mar 31 2024
BTCC, a UK-based cryptocurrency exchange, offers secure and reliable services for crypto trading.