Bitcoin was the first cryptocurrency to ever hit the market. Far from its humble beginnings in 2008, Bitcoin is now the world’s biggest cryptocurrency with a market cap of $1.3 trillion — which, according to Anadolu Agency, is bigger than the market cap of global leaders Tesla and Meta. Today, consumers can buy more things than ever with Bitcoin, as it continues to gain recognition and work its way towards mass adoption.
Buying a home for the first time can be an intimidating, and at times scary process. The current COVID 19 pandemic has only made this process seem more stressful. However, there are a few basic tips and tricks, as well as online resources you can utilize, which will make buying a home for the first time a more approachable and pleasant experience, as it should be. Please see below 22 tips for a seamless first home purchase.
Read MoreBridging the Gap: Democratization in Home Purchasing Through Innovation in Mortgage Technology
America is increasingly becoming a more diverse country. The majority of the population will soon comprise a lionshare of minorities. However, despite their significant presence, many sectors of the minority population are grossly underserved when it comes to financial services, including the home mortgage industry. Even in this day and age, those who are Black and Latinx are less likely to own homes than Whites. While Whites are able to attain mortgages at a rate of 71.9%, Blacks and Latinx are only able to attain mortgages rates almost half that of Whites; 41.3% and 47% respectively. This is because the first two groups have a much harder time getting the conventional mortgages which Whites and Asians have less trouble obtaining. Even after they are approved for conventional loans, Latinx and Black people, on average, pay higher interest rates, and mortgages than Whites and Asians.
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