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That service looks like an amazing product.
Have you heard of this one?
No money down, no monthly payments, no interest. A 5-year term that you can end early any time.
Here's how it works. Sovana buys bitcoin with our money—you pay nothing. At the end,***** you get half the gain if it rises. But if it falls, you cover the decline, secured by your real estate equity.
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Sovana buys bitcoin with our money—you pay nothing.
BULLSHIT.
You guys are so gullible and you will get rekt.
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I had not heard of sovana. There are times that I feel a little guilty for not being more financially adventurous, but mostly I just don't like the idea of complicated and arrangements and so all I do is buy Bitcoin with the dollars I have.
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how long have they been around?
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Personally I think the more interesting model was the one mentioned by NewMarket (see here: https://www.youtube.com/watch?v=26bOawTzT5U)
TLDR. You apply for loan for real estate, lender provides excess cash which must be used to buy Bitcoin. The excess bitcoin becomes part of the collateral package of loan. After 4 year minimum lockup you can choose to sell bitcoin to pay down loan.
Example: You want to buy house for $500K - they provide you $600K in cash, 500K for house + 100K for bitcoin. The bitcoin is jointly held by you and lender (same as house) all part of same collateral package.
If at the end of 4 years Bitcoin portion is now worth $200K you can cash in and use that to pay down loan.
This could allow home buyers to get a 30 year mortgage and pay it off in say 8 years if Bitcoin booms in price.