Use Bitcoin and mortgage a house!

Mortgage Your House for Bitcoin! No! no! use Bitcoin and mortgage a house!

As a human being, we have main needs like Food, clothes, and a house.

The house was the most expensive and not all human being afford it. Thats why there is a mortgage. Mortgage or a convey (a property) to a creditor as security on a loan. Me, actually I have my own family, I have foods and clothes but not a house.

But Mortgage was not that easy as these days as you think that you will easily got a home instantly.

In the US, it will took 45 Days for your application to be approved or maybe denied! And that was not good! Imagine it guys, you've wasted time for passing requirements , then after a long time it will just denied? and the reasons of waiting is just because of low process?

To quote Laurentian CEO says "Mortgage problems a ‘process and paperwork issue"

As I research about this new project that about mortgage, I quickly search about it and I saw this. A very serious issue.

I'm confused how will blockchain solved an issue like that?

Hello, this is The Queenbee for another Project Review, welcome to my article and read about how will @Block66 play its role in mortgage on the blockchain!

TAKE A LOOK AT WHITEPAPER

Blockchain's nature as a decentralized system is also changing business process, especially the finance sector. Banks are slowly integrating blockchain technology into their banking and financial service offerings. And with @Block66, they want disrupt the mortgage industry by using blockchain technology as well to help matching borrowers and lenders in a much trustworthy and efficient platform. isn't that good?

The @Block66 was The First Mortgages on the Blockchain.

By providing as much upfront info as possible direct from source ie payroll, tax docs, property details, purchase sale agreement, etc. Anything that is a "manual" entry will be flagged. They aim greatly reduce the manual man hours associated with the underwriting and risk analysis via our tech and platform!

For the mortgage, the @block66 was building a new blockchain-enabled marketplace. Wondering how? It's by the use of the smart contracts! loans can be taken from origination to facilitation easily. @Block66 broker's partners also introduced that the Institutional and private lenders can use the service to offer loans to a wide range of borrowers.

In a simple way of explaining it, @Block66 is a peer-to-peer mortgage marketplace where they match borrowers and lenders. they utilize blockchain technology in their platform to issue and govern mortgage loans transactions.

The Documents are saved in the @Block66 platform.

So that the loan processing is much more efficient, hassle-free and sophisticated without requiring heaps of paperwork compared to traditional loan processing. It's was nice, I think the both party will benifit, right?

The high fees, lack of transparency, too many requirements and documents, headaches that its gives for both of brokers and borrower's.

The @Block66 aims to wipe it out!
and their solutions?

They will simpler working methods the whole home loan programming and tasks stack.

For banks
everything being equal, a maintainable advance pipeline, reviewing apparatus and home loan securitization platform.
For expedites
a one-stop-shop, including credit scoring, property evaluations and moneylender coordinating.
For borrowers
a snappy, bother free approach to get to the best credit openings.

*What about the Token?

the tokens (B66) being made available for sale at TGE can be thought of as metaphorical oil wells that generate BNET tokens (BNET). B66 is the oil well. BNET is the oil (fuel). The BNET fuel is sold for access and the proceeds go to the B66 token holders who have activated their tokens with special fountain smart contract.

So These are the tokens that will circle in the platform.

Actually they're presale was live and they brought a time machine! yes! Because they honouring future crypto prices that have recovered at a rate of 250%! So during our presale we will accept your ETH like it’s worth $500, your BTC like it’s worth $16,000, and BCH like it’s $1,100! Sounds good for investors!

@Block66 announced that the Ethos was it's official wallet. Once B66 token is live, they will support the project and the community.

The @Block66 headquarter is located legally in the Cayman Islands, but the team is concentrated in the U.S., U.K. and Canada.

So let us take a look how legit is this @Block66!

With 4.4rating on ICO bench,

And ratinGs that other gave is also high!

also it have partnership already!

Wanna know the TEAM?

and if you're thinking if the Team was a real lender's or a bank? The answer is NO.

They are not a lender or a bank! But they have access to them and can connect them to borrowers through the platform. The core team is from different backgrounds with years of experience in mortgage industry.

The whole core team full time on the project!

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Mortgage is one of the most gaining business today, They are rich now thats why the blockchain really fit to this ecosystem. The Block66 will have a long journey, we just need to be updated and we will all profit! It's a financial advice, it's just an impormative blog about the @block66!

Here I provide my reference on my research. You can use it and make research on yourself.

Thank you for your time and reading!

WEBSITE
https://block66.io
WHITEPAPER
https://block66.io/themes/b66/assets/Block66_Whitepaper_English-update.pdf

Telegram: https://t.me/block66_Official

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"This article was created in exchange for a potential token reward through Bounty0x"

Bounty ox Username: CzaiQueenbee