[SERIOUS] Crypto Mortgages/Loans with the property being the collateral?
1 min read
The situation: I live and work in Switzerland that has 2.5% interest rate for mortgages. I want to purchase a property in Greece for ~100K EUR that has 4.5-5% interest rates.
The goal: Get a low-interest loan in CHF, convert to EUR, easily pay down the lower-cost loan.
The problem: Swiss banks don’t finance such loans, with the few exceptions being local banks offering loans to cross-border workers. Crypto loans, AFAIK, require a collateral of roughly equal value in coins, which I don’t already have so I would need to both convert and lock my savings (but then why not simply purchase the full property 100% in cash).
The question: Obviously, I don’t expect to find non-collateralized lending, but I was wondering: is anyone aware of ways to use the property as the collateral like in a traditional mortgage? And is there any chance for similar interest rates?
submitted by /u/justin_zander
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