Source: Next Advisor —
Could you imagine paying your mortgage — one of life’s biggest expenses — with a bag of magic marbles that were sometimes worth $11,000 each and other times worth $60,000 each? If you wanted to pay your mortgage with Bitcoin, that’s essentially what you’d be doing.
It’s been a big year for cryptocurrency, and consumers can buy more things than ever with crypto — though financial planners and other experts say they probably shouldn’t. Even mortgage lenders are starting to murmur about making cryptocurrency payments a thing.
United Wholesale Mortgage, the nation’s second-largest mortgage lender, announced — and quickly scrapped — a plan to accept crypto payments in August. Customers said the option to pay their mortgage with crypto was “cool,” the company says, but they ultimately stuck to their original payment method of good, old-fashioned U.S. dollars.