Introduction to Homelend
The mortgage system gives you the opportunity to realize your dream of owning a home or business owner, but over the years, this industry has become obsolete. The birth of Homelend's decentralized platform, with Blockchain technology and smart contracts, Promises to revolutionize the mortgage industry.
Most people don't have access to the financial support they need to carry out their plans through traditional mortgage lenders. The reasons are as follows:
- The execution of a mortgage is carried out primarily through intermediaries, and a large amount of documentation is needed to make the disbursement process more complex.
Because mortgage criteria are obsolete for loan decision making, most young people lose the opportunity to receive support to implement their ideas and projects.
With the advent of Homelend, developers are trying to optimize the mortgage industry and make it easy to reach people.
Homelend was created with the following objectives:
Modernization of the Principles of Mortgage Loans:
Homelend will focus on customer needs of different age and social status. Provide opportunities for young people to receive the funds they need to carry out their own projects and projects.
With Homelend, borrowers have the opportunity to utilize various loan options, giving them the opportunity to choose the most appropriate option to receive a loan.
Homelend gives each borrower the opportunity to receive a number of financing from different creditors, guarantees in "deductions."
To carry out the assigned tasks and maximize the mutually beneficial interests of the parties in a decentralized market, the interests of this block are used. All contracts signed in this way are specified in a smart contract.
An association
This principle allows Homelend's maximum flexibility in solving economic problems. Even before approving the application, creditors also have the opportunity to invest in projects. So, they get credit factors, to get some benefits from this in the future.
Auction
Publicly launched projects offer the most profitable opportunities for borrowers and creditors. Every customer can choose the easiest way to receive cash. In employment, the creditor must provide the right loan conditions to the client, bringing healthy competition.
One of the main advantages of auctions is the ability of creditors to change the terms of the agreement to suit each client. As a result, creditors can access each of their borrowers separately.
Advantages of Homelend
Efficiency and optimization.
Homelend makes lending procedures much easier, thanks to the use of smart contracts. With decentralized services, borrowers do not need to prepare many documents to borrow money
Transparent and comfortable.
At present, the focus platform is really not transparent. Homelend with openness and honesty will bring transparency to him. With this service, borrowers can interact effectively with creditors, and monitor their finances
Eliminate intermediaries
Blockchain technology allows parties to work directly, payment fees for intermediary services will be eliminated. Smart contracts not only function without fail, but also allow agreements on conditions that are most favorable to borrowers and lenders.
Safe and reliable.
After processing, the information entered by the parties will be reliable and strong protection against third party interference. Therefore, fraud programs cannot penetrate the Homelend system.
ROADMAP
TEAM AND ADVISOR
So my review of a very extraordinary project,
Hopefully adding information that can provide more benefits in investing in the future, let's succeed in this project
Further information:
Link: https://bitcointalk.org/index.php?topic=3407877.0
Website: https://homelend.io/
WP: https://homelend.io/files/Whitepaper.pdf
Author: HendrikETW
Profile: https://bitcointalk.org/index.php?action=profile;u=1687040
ETH: 0x196E20f324D35676755e29f68085119fe2966E16
Thanks for the post, hendriketw.
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