The full review on homelend mortgage crediting in cryptocurrency exchange

Now, dear subscribers, we will consider a project that is going to solve a burning issue for many, that is, an apartment. Homelendpresents itself as a mortgage platform. In this case, the detachment got to lending to housing.

Agree, at all times there are a lot of people who dream about their apartment or house. A roof over your head is the basic need of a person. And mortgage lending is quite developed practically in all countries of the world. True, the structure of obtaining a loan in a bank is not simple, you need a lot of securities that a financial institution requires before you give a mortgage. These extra documents, which must certainly be provided to banks, are screened out by a lot of people who, for whatever reason, can not show such papers.

This concerns, first of all, the youth. The most mobile part of the society, which does not go the traditional way, getting a job, working for 8 hours with two days off, but prefers freelancing. The traditional system for obtaining a mortgage is inflexible and difficult, it involves complex paper processes, there are many intermediaries between borrowers and creditors. All this hinders the possibility of obtaining a loan, and those who have received it, overpay a solid amount, especially in our country.

Homelend - modernizing the old system!

The payment platform for mortgage lending will be an excellent substitute for the traditional cumbersome system of obtaining loans for an apartment. Homelend is presented by the team as a new system of mortgage lending, focused on customers. It expands the possibilities for all people without exception to get a sufficient amount for housing.

Thanks to the technology of the distributed registry and smart contracts, the mortgage is provided in an automated mode and the entire process is very simplified. The platform brings together borrowers and lenders, who interact with each other directly.

Advantages of Homelend:

1. Digitization of documentation, smart contracts and the provision of a loan in the complex allow you to reduce the time for obtaining a mortgage from 50 days to 20.
2. Relations between borrowers and mortgage financial institutions are built directly. Everything happens transparently and fairly. Borrowers submit applications and monitor their status at any time.
3. The process of cooperation in Homelend is not very costly for those wishing to obtain a mortgage. With the help of distributed registry technology, the costs of borrowers and lenders are reduced, their cooperation with each other is direct and fast.
4. Decentralization will make it possible to transfer funds for the purchase of housing in the safest of known ways. The block is transparent and reliable, it shows all the transactions that have occurred.

Token Homelend

Homelend has developed a system of lending on the blockbuster with the help of smart contracts. And the release of the platform token is a justifiable action for its development. 

The main feature of the platform is the reduction of costs and the expansion of the list of persons who can take out mortgage loans. 

There will be no need for any confirmation of the translations that are required in fiat banks. The block is transparent, anyone can see all the transactions that go on in the system.

Homelend dramatically reduces the cost of obtaining a loan, all sorts of fees and commissions. Exclusion of intermediaries from the transaction makes it possible to obtain a mortgage much cheaper, because the two sides - the borrower and the lender - work directly with each other. All these transfers, exchanges of crypto currency for Fiat also make the mortgage more expensive. 

Homelend is also aimed at working with several basic crypto-currencies. You will be able to take out loans in bitcoins and pay them off with the lender. The HMD token is designed to standardize access to the services provided by Homelend. This token hedges transactions from fluctuations in the rate of the Crypto currency. The platform will work globally - providing loans to people from all countries. With HMD, the user can access the platform. 

With its help, the crediting process will pass quickly and conveniently, transparently and safely for all. Any crypto currency can be converted to HMD and vice versa.

Project Prospects

Homelend platform solutions based on block connections have real potential for improving the situation in housing lending, can eliminate many inefficiencies that are detrimental to the mortgage industry. The team that announced the ICO preseption on March 1, 2018, has something to work on for further development of the project. 

All the tools that are offered on the platform are in relative infancy, and bringing them to the ideal state remains the main task that will be solved with due consideration and availability of funds. 

If the developers can solve this problem, the block will create a much more efficient, transparent and quick model for home lending and buying. And Homelend will become the world's first mortgage system on the block.

ICO data

• Token: HMD
• Total production: 250,000,000
• Standard: ERC-20
• Price: 1 ETH = 1,600 HMD
• Accepted currencies: BTC, ETH, USD
• Softcap: US $ 5,000,000
• Hardcap: US $ 30,000,000 

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Bitcointalk username & profile: gafman
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