Crowdfunding Enters the Mortgage Market

The increasingly popular way of fundraising, crowdfunding, now has a platform catering to aspiring homebuyers to help them save enough for a down payment.

According to the Washington Post, the website BoostUp will allow users to share their savings goal with friends and family, acting as an incentive to meet their goal. Furthermore, corporate partners can match consumer savings, and the account holder can offer dollar matches to family and friends in lieu of other gifts on birthdays or holidays.

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