Better and Coinbase Offer Bitcoin-Backed Mortgages With Locked Collateral Terms

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Better Mortgage has partnered with Coinbase to offer home loans backed by bitcoin as collateral. Under the arrangement, Better Mortgage retains the right to reuse the pledged bitcoin during the loan period. Borrowers are unable to reclaim their cryptocurrency until the underlying conventional mortgage is either fully paid off or refinanced. The structure raises notable considerations for borrowers regarding control and access to their digital assets throughout the loan term.

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