2 ms·
> I think the other commenter means that you could walk in a bank, put down 10% of the house value in cash and get the bank to pay the rest. This way you get a
by latchkey 3y ago
> I think the other commenter means that you could walk in a bank, put down 10% of the house value in cash and get the bank to pay the rest. This way you get a house as long as you can pay back what you owe to the bank.
Very much US centric and that's essentially because of Fanny/Freddy and credit reports. That's part of what helped fuel 2008.
There are DeFi sites that enable leveraged borrowing, DeltaPrime [0] is one of them. They are just very small today as that is a relatively new technology.
[0] https://deltaprime.io/ https://deltaprime.io/