Lenders May Deny Your Mortgage Application if You Sold Bitcoin in the Past162.73

Over the past year, cryptocurrencies like bitcoin have gained in value and some people have ‘cashed out’ their digital assets in order to purchase cars or a new home. However, some people who have sold cryptocurrencies in the past may have a hard time getting a home loan even though they have the funds to purchase the property. This week on the bitcoin Reddit forum r/btc, a person who attempted to get a mortgage from the U.S. based financial firm, PNC Bank, was denied because he sold cryptocurrencies in the past.

Also read: Dancing With the Devil: ‘Cashing Out’ Cryptos Into Fiat Not So Easy

Original source
https://news.bitcoin.com/lenders-may-deny-your-mortgage-application-if-you-sold-bitcoin-in-the-past/

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