Buying a home with crypto? Texas homebuilding giant to offer 2.9% mortgage – DL News
- Homebuyers who pay in crypto may be eligible for a uniquely low mortgage rate.
- MegPrime received a no-action letter from the SEC in January to offer the token.
- It’s the latest example of how crypto is merging with real estate.
Megatel Homes, one of the largest private homebuilding firms in Texas, is launching a new cryptocurrency to attract homebuyers by offering low mortgage rates.
On Wednesday, the company announced the launch of its programme, along with a new app and cryptocurrency called the MP token via its fintech subsidiary, MegPrime.
Home buyers who purchase a Megtel property and make their mortgage payments with MP tokens could qualify for a mortgage rate as low as 2.9% — far below the national average 6% for 30-year…
