Mortgage is a debt instrument with the granting of mortgages of immovable assets such as property of the borrower to the lender as security against its obligations. Mortgage is usually associated with mortgage loans. Everyone dreams of having a home that is comfortable for themselves and their families. To realize the dream and have a home, one important factor for it is to buy it with money. However, if we do not have enough money, because a little income per month you can take advantage of mortgage loans.
Mortgage is a debt instrument by granting mortgage rights on the property of the borrower to the lender as security against its obligations. In this case, the borrower can still use or utilize the property. The mortgage rights on the property fall once the obligation is paid in full. While the loan is the relationship between the money lender (Creditors) and borrowers money (Debtor). The borrower not only returns the money with the amount initially borrowed but the borrower must also refund the additional cost (interest). Therefore, when we talk about buying a home, we will discuss mortgage lending.
Mortgages are used by individuals and businesses to make real estate purchases without paying the entire purchase value in advance. Over a period of years, the borrower repaid the loan, plus interest. Until finally, the owner of the property is free and complete the entire loan. Mortgages are also known as "property rights" or "property claims". If the borrower stops paying the mortgage, the bank can seize the property in question. In a housing mortgage, a home buyer promises his home to the bank. The bank has a claim on the house if the home buyer fails or fails to pay the mortgage. In the case of foreclosure, the bank can evict the tenant of the house and sell the house using the revenue from the sale to remove the mortgage debt.
Many countries such as the United States are adopting this system for the development of the property industry. Yet no statistical shortage clearly illustrates the importance of the mortgage market from an economic and social standpoint. Although home is so important to you and you get home through mortgage loans but mortgage loans remain complex - it involves a lot of paperwork, overhead and inefficiency. The number of documents that need to be collected and processed only for apps is large enough. Creating a new mortgage takes a long time for both the borrower and the lender. The process is still paper-based, in contrast to other financial areas that have switched to digital. In addition, the mortgage process continues to involve many parties, including buyers, sellers, financial institutions, rating agencies, appraisers, brokers and so on, making it more complex.
With the development of the digital world like blockchain technology that can be implemented into the world of mortgages we offer you the Homelend project. Homelend will provide innovative solutions through blockchain that are capable of addressing the issues mentioned above and improve efficiency, reliability, and transparency. This evolution will also overcome market failures stemming from pure economic logic. In this new market environment, Homelend develops an innovative platform that leverages the power of blockchain technology and will disrupt the mortgage industry. This will be done by opening up new P2P funding / investment opportunities, managing better information, and reducing origination costs by automating business processes with the help of smart contracts. Please read the following paragraphs to find out about Homelend. For more details on Homelend please visit the Official Website, read whitepaper and join on Telegram Homelend. If you are interested in the solution offered by Homelend please partition on ICO Homelend on this link. https://tokensale.homelend.io/
Homelend
Homelend is a platform based on Ethereum blockchain technology that works by embedding the business logic of mortgage lending into smart contracts. By creating a series of smart contracts that run business processes, Homelend allows individuals to borrow money from their peers in a trusted, transparent, and secure way. The main idea is that borrowers and lenders are not linked through financial intermediaries (ie central bank or P2P lending platform), but by smart contracts that automatically run predetermined business logic.They are subordinated to three main objectives, issuing a loan that:
- Makes possible the purchase of a property;
- Can be successfully paid back by the borrower; and
- Can be recovered to a satisfactory extent in case of default.
These processes can be divided into two fundamental types: information flows, and financial flows. Information flows are related to either the borrower or the property. Financial flows, on the other hand, are represented by the transmission of monetary resources from the lender to the seller (at origination).
In any case, Homelend’s platform reduces both the number of steps and people involved in originating a mortgage. As a result, efficiency increases in terms of time and costs.
In addition there are many things offered by Homelend on the Official Website and detailed info please read whitepaper or view video in below. To enjoy the benefits offered by Homelend please participate in ICO / TGE Homelend.
Token Generation Event (TGE)
This token, simply called the “Homelend token” and identified as HMD token, will be the fuel of the P2P lending platform. Detailed info in below.
- Token Name : HMD
- Price 1 ETH : 1,600 HMD
- Platform : Ethereum
- Accepting : BTC, ETH, Fiat
- Minimum investment : 1,000 USD
- Soft cap : 5,000,000 USD
- Hard cap : 30,000,000 USD
- Country : Switzerland
- Whitelist/KYC : KYC & Whitelist
Token Fungctionality
The HDM token’s main functionality will be to offer access to the services provided by the platform. These services will either be provided directly by Homelend or through third parties working in coordination with Homelend.
For more information about Homelend, you can visit links below:
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Website : https://homelend.io/
Whitepaper : https://homelend.io/files/Whitepaper.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=3407541
Facebook : https://www.facebook.com/HMDHomelend/
Twitter : https://twitter.com/homelendhmd
Telegram : https://t.me/HomelendPlatform/
Medium : https://medium.com/homelendblog
LinkedIn : https://www.linkedin.com/company/18236177/
Reddit : https://www.reddit.com/r/Homelend/
Join TGE : https://tokensale.homelend.io/
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Username Bitcointalk : Arifandi
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1566717
ETH Address : 0x8d05B599687942Ed4EC008a95EEAa9565B738924