After read your request, I became interested to lend the money you need. However I want to know how you will guarantee that I can use your home loan as collateral in case you default. The interest rate is rather attractive to any lender, but the risks associated the loan are very high.
Hi Terry - the bank allows me to draft a lending contract that includes a "seed of debt" clause. Whilst it does not preclude the lender and I mutually agreeing to change the payment terms (if, for example, something goes horribly awry and we mutually agree that the repayments stretch over a longer period), it does give the lender full right to recover their outstanding funds in its entirety in thee event of a default or of me disappearing (or, heaven forbid, in the event of my death or disability). The bank would look to my attorneys and the lender (or the lender's attorneys) for confirmation of payments already made and the outstanding amount, but the advantage of transacting in Bitcoin is that the payments are very easy to verify on the blockchain:)