The U.S. mortgage lender Rate has launched a new mortgage product called RateFi, allowing eligible borrowers to use verified cryptocurrency holdings as part of their income and asset qualification without liquidation, but assets used for the down payment must be converted. The product operates within the existing non-QM (non-qualified mortgage) framework and aims to serve crypto-rich individuals and self-employed borrowers who have traditionally faced many hurdles in the conventional mortgage process.

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