As humans one of the most important basic requirements is a place to live, a shelter. It is an unavoidable need unlike the other requirements that are just choices. But not everyone is able to afford a house with the heightening prices in the market.
Mortgage loans are the biggest but least improved. It is still done in the traditional way, so this involves too many paperwork which is done to gather information, over-head costs and convincing about your financial status and playability. It may consume a huge amount of time which make this process inefficient for both the borrower and lender and unfamiliar technicalities in mortgaging also confuses the customers. Unlike the other financial areas that have digitalized, the mortgage loan process continues to involve many parties such as the buyer, seller, financial institution, rating agency, appraiser, broker and so on. And this make it even more complex. Another problem in traditional mortgage system was that the mortgage was sold to a third party on their deposits which caused inconvenience to the borrower when refinancing because they do not know who they are dealing with. The Homelend mortgage was able to come up with a solution to overcome this inefficient process by using the Blockchain technology which can reduce the time and cost consumed and also eliminate delays and frauds so that it meets the evolving requirements of the market and customer expectations. Blockchain technology also creates new possibilities for pear to pear lending. It is now considered the next step in digital ledger technology (DLT) along with the support Smart Contracts.
What is Homelend mortgage ?
Homelend mortgage is a revolutionary cost and time effective lending platform that can break your barrier of owning a house or refinancing a house. It is a blockchain-based crowdfunding platform. They design a customized mortgage program for every individual according to their needs, dreams and expectations of the borrower.
What makes homelend mortgage service special from all other lending services ?
Homelend have a great energetic team that’s committed to find the best choice for you that suits your timeline and also guide you through out the process. And also unlike some of the mortgage services, team at homelend mortgage ensures to maintain transparency to the customers keeping them informed and communicating with their customers at every step on the way.
They provides few types of loan programs based on the users requirements such as Conventional, FHA, USDA, VA, and Jumbo loans and etc. It doesn’t matter if you have a student loan debt you can still obtain a house loan by FHA loan option. You simply have to select the right loan program for you.
The benefits you can gain by using the Homelend mortgage service is that you can obtain mortgage with competitively low prices when purchasing your dream home. And best rates and lowest closing costs for refinancing your house. Simply it is cost effective. The process is fully transparent and secure, won’t leave you confused. What is most interesting is that no middle man is involved in the process.
The new technology adapted by the Homelend mortgage will attract the attention of homebuyers because it has become the easiest and efficient way to obtain a mortgage loan.
So, now I think that you will be able to get a clear idea about Homelend project and will meet you with more details about this project in my next articles.
Keep in touch with this project.
Thank you.
Channa Jayawickrama.
Please don't forget to share your ideas and knowledge about the project with me. You are welcome to share them in the comment section of this article.
For more details:
Website: https://homelend.io/
Whitepaper: https://homelend.io/files/Whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3407541
Bounty: https://bitcointalk.org/index.php?topic=3407877.0
Facebook: https://www.facebook.com/HMDHomelend/
Twitter: https://twitter.com/homelendhmd
Telegram: https://t.me/HomelendPlatform/
Author Details:
Name: Channa Jayawickrama.
My Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2257529