Crypto Wealth Unlocked for Home Loans
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Federal Housing Finance Agencys new rule allows cryptocurrency holdings to be considered as assets for mortgage applications, potentially unlocking real estate opportunities for crypto investors. However, selling crypto for down payments triggers taxable events, with capital gains taxes ranging from zero to twenty percent federally, plus state taxes. Specialized lenders offer crypto-collateralized mortgages, enabling borrowing without selling and incurring immediate taxes. Strategic planning with tax professionals and potentially utilizing collateral options can help maximize gains and build equity.
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