How to buy your house with crypto!

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Wednesday, November 3, 2021 Buying your home with crypto assets

Can you use your Bitcoin for a down payment or for reserves? Debbie answers this question by saying, yes, maybe. Providing funds is the hardest part for Crypto, not the asset itself. Mortgages require a paper trail and this is where things get tough. Debbie mentions how difficult it is to view transaction history when the money is in a virtual wallet.

Debbie and Heather discuss Robin Hood accounts and how these accounts have the ability to display sourced assets if used correctly. They then talk about Coinbase, Webull, BlockFi, Gemini and how to effectively use these money exchanges to create a concise paper trail.

Debbie proclaims that Crypto is not going away anytime soon and that it will indeed get bigger and bigger. Debbie believes that crypto will be the way of the future very soon. This brings him to the topic of Jumbo Loans and how these specific loans don’t work with Crypto yet. Debbies’ solution for this is to put that Crypto money into a real bank account so that the money can accumulate. Debbie and Heather go into detail about how it all works.

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Debbie Marcoux is authorized by the Department of Financial Institutions under the California Residential Mortgage Lending Act, NMLS ID 237926, also authorized under AZ-0941504, FL-LO76508, GA-69178, ID-167867, ID – MLO 2080237926, IL- 031.0058339, NV -57237, OR, TN-184373, TX, WA-MLO-237926

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