Crowdfunding has transformed the way people borrow and lend money. After leaving an impact on the business ecosystem, it has progressed to touch the real estate sector. With the same, it is now possible for people to invest in real estate via crowdfunding platforms and raise money to purchase a home.
These days, millennials want to become homeowners but they may not be able to afford the down payment, which they have to pay for it. The reasons for the same are many such as student loan debt, recession and more leaving them with little savings and meagre hopes of owning a house. And, the trend of crowdfunding mortgage lets them gather funds for the down payment of their dream home.