As of mid-April 2022, Milo was advertising rates between three.95% and 5.95%. For comparability, the average 30-year mounted mortgage fee for the first week of April was 4.72%, based on Freddie Mac. Borrowers can faucet financing price up to 90% of their mortgage with a 10% bitcoin downpayment on a 15- or 30-year mortgage. Rates, Haggenmiller stated, might be comparable to conventional mortgages. The idea is to benchmark rates with jumbo mortgages, typically taken out for properties too costly for a traditional mortgage.
Mortgage Tech News Roundup: Could 06
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