as for everyone else i have a customer with 6 home's looking for a 250,000 refinance the closing will be done
with lawyers face to face here are some more things
Loan Amount: 250,000 (Crypto amount to be determined at time of Closing)
Rate: 11% int. onlyTerm: 3 yr. term extension is 2% more
Fees: 2% plus title and regular lender cost
https://ibb.co/ceApgUhttps://ibb.co/em1vMU And here comes a jerkhead with 11% interest for 3 years.
Really? Would someone trust and give you their money for 3 full years with an interest rate of "ONLY" 11%?
Wouldn't they mess around their BTC by trading it elsewhere leveraging it at BitMex or some other leverage-providers and make that 11% in a day alone - rather than waiting like a beggar for such a huge amount after lending it to you?
(here: BTC is something that can be at any value during these 3 years, why to bother for this guy's 11%?)