The difficulty of getting mortgage loan is now a problem of yesterday!

"Dreams are not what you see while sleeping, dreams are the things that don't let you sleep" are the lines Dr.APJ adbul kalam of India who lived in a hut, in a small town called Rameshwaram and went on to become the president of india in 2002. One of the biggest challenges in his journey was when he had no money to pay fees in his college and his sister kept her jewellery as collateral for a loan to pay it. Loan is a concept that has been going on the the human world since we started living together as a tribe. Loan is nothing but money borrowed which is promised to pay later. Loans help a person to pay debts, or for survival or even for needy times. But getting loans are not a very easy task. The lender is at great risk of will the borrower be able to pay back and hence usually something valuable is kept as collateral. And the most common of it are houses. Mortgage loans are one of the most biggest and widely accepted form of loan all over the world. They almost form a market of 31 trillion dollars which is more than double the GDP of the United states. As houses are of great value, they are able to generate big enough which can even help you to fund your own startup or invest in your dream project. But there are again a lot of issues regarding mortgage loans. As a lot of money is involved, they usually take a lot of time, almost two months for the loan to be approved. As the banks and other intermediates are involved, there are high brokerage charges as well and a lot of other problems like these make getting mortgage loans so difficult. Hence to tackle these problems and make mortgage loans smoother and easier, a company called homelend is making its way.

Homelend

Homelend is a decentralized mortgage crowdfunding platform which is based on the Blockchain technology and uses smart contracts. It forms a platform between the sellers and the lenders from all over the world. The lenders from anywhere can give their money for a property to anyone without having any broker between them. This reduces the time consumed and also costs of the loan. There are three types of funding which are money pooling, crowd funding and auctioning. All of the funding types have various slices. In crowdfunding all the lenders have equal risks and in money pooling one person has the risk of all the money pooled. There are other services as well which are listing of properties and buy and selling of properties. But the main motive is to build a P2P lending platform in the most efficient way.

Homelend tokens or HMD tokens

HMD tokens are the utility tokens that are created by the homelend platform. They are basically the tokens that would be used to get into the homelend platform and used their products. To use any of the homelend facilities, HMD tokens would be required. The prices of these tokens are also expected to appreciate as more and more people start using this platform.

Conclusion

Homelend will open a window for all the people who are I'm need of urgent money by mortgaging their house. This will create a new source for easy credit for the people without paying extra charges. This would cut down the time required to approve a loan by almost 20 to 30 days. The people wanting money for medical reasons or for pumping into business or for paying another debt or even investing in their dream something, they would look up to Homelend and not think twice before worrying about the money. Because the difficulty of getting mortgage loan is now a problem of yesterday!

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 - Etheran

Profile - https://bitcointalk.org/index.php?action=profile;u=1108165