IndolentFastlanr
New Contributor
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Value/Post Ratio
120%
- Oct 6, 2019
- 5
- 6
The thing with blockfi (I have never heard of Nexo), is that you are at risk for rehypothecation, which opens up your digital assets to more risk (of losing it).
If you already have a mortgage, I would look into lowering your interest rates and check your time horizon. With interest rates at near zero, the constant money printing/inflation would work out in your favor.
Otherwise, if you absolutely want to have your rentals paid off with no risk of rehypothecation of your digital assets, you can look for a lender that uses 2-of-3 multi sig (you have one key, to verify your assets are there. Company holds one key, and a third party holds the other).
The company I have in mind has high rates compared to the numbers I have seen for home mortgages. 11.16% APR for a 3 month loan to 14.22% APR for a 3 year loan excluding origination fees. So unless you are making enough to cover these interest rates and are set on getting rid of your bank, I would just refinance your properties and see if you can get a super low rate.
If you already have a mortgage, I would look into lowering your interest rates and check your time horizon. With interest rates at near zero, the constant money printing/inflation would work out in your favor.
Otherwise, if you absolutely want to have your rentals paid off with no risk of rehypothecation of your digital assets, you can look for a lender that uses 2-of-3 multi sig (you have one key, to verify your assets are there. Company holds one key, and a third party holds the other).
The company I have in mind has high rates compared to the numbers I have seen for home mortgages. 11.16% APR for a 3 month loan to 14.22% APR for a 3 year loan excluding origination fees. So unless you are making enough to cover these interest rates and are set on getting rid of your bank, I would just refinance your properties and see if you can get a super low rate.