Homelend - Giving people a place of their own

Introduction-

Working all day, trying to clear deadlines, making your way into the company's better performers, travelling in public transports in the scorching hot sun, what is the only thing that a person looks forward to? When I have a really tiring day at college, with all the assignments piled up and all the commotion that prevails in the campus, I dream about returning to my home, soak my feet in the water, and maybe lie down a bit. Every one of us want to have a place they can call their own.

After being exposed to the harsh world, they want to cuddle up in a cozy, comfortable and secure place having 4 walls and a roof. However, a really small number of people do actually own an house. Apartments, houses on rent and sharing room with flatmates that is how most people live. Buying a house is an expensive business, even for people in the upper middle class of the economy.

The most obvious reason why a person requires a home is freedom. Imagine your house. You're allowed to paint walls the colours you like, you can add wallpaper, draw on walls, change that creaky bed of yours, or maybe throw away furniture. You can invite anyone you like, throw huge parties daily and not be afraid of the mess and your landlord showing up the next day. You can change the ugly cabinets of your kitchen, add a Jacuzzi to your bathroom and basically do everything you like. Your own house is a mini kingdom, and you're it's king. Such a feeling is very precious and of course, with your own house you don't have to worry about monthly rent or damaging anything.

About Mortgages-

With such needs of people, the concept of mortgage took birth. Insurance companies hoped that this idea would increase their profits if people took loans and couldn't repay them after buying a house. Nevertheless, mortgages encouraged people to buy their own houses. Even though it was a method to buy a house without having to pay the entire amount immediately, it was a loan, so you had the risk of not being able to pay the installments and have the risk of losing your house and much more. Furthermore, the process was very complex with a lot of paperwork and documentation to handle. People had to wait for months to get their loans.

About Homelend-

With such problems in taking mortgage loans, a platform called Homelend tries to solve the issues in mortgaging. With a decentralized platform enabling blockchain technology and Mutual Distributed Ledgers, the records of all the documentation done in the process of mortgaging is stored in multiple locations so as to avoid fraudulent practices and ward off hackers. The use of smart contracts simplifies and quickens the process of getting mortgage and the elimination of middlemen results in lowering of overall costs. The HMD Tokens are the internal cryptocurrency of the ecosystem and all the transactions are done by those tokens.

Conclusion-

Homelend is a wonderful idea that makes man meet his dream home without hassles and in a safe, secure and transparent platform. With such great idea and the extremely qualified team, it will surely succeed in its efforts.

Website - https://homelend.io/

Whitepaper - https://homelend.io/files/Whitepaper.pdf

ANN - https://bitcointalk.org/index.php?topic=3407541

Telegram - https://t.me/HomelendPlatform

Published by - coineaglebt

Btalkprofile - https://bitcointalk.org/index.php?action=profile;u=1936073