Viva Network: Decentralized Peer-to-peer Mortgaging

When considering the basic necessities in life, what readily comes to mind is food. Humans prioritize their feeding above every other necessity. Clothing is another factor to consider. It is rare for thoughts of owning a home crop into your mind. As you would treason, you can always pay rent and have shelter.

The question is “how long will this continue”? Many had therefore sought for alternate means of financing their private homes. Mortgaging readily comes to mind. In traditional financial setting, banks and other centralized financial institutions issue mortgage loans to interested individuals.

Such loans allow the borrower fund his housing project while paying back the loan at specified rates. Nonetheless, these loans are not fiat. They pass through accreditation processes and for every issued mortgage loan; ready collateral should be on ground. Hence, many had lost valuable properties when they derail from loan conditions.

Mortgage loans are centrally-controlled by banks and other concerned parties. Thus, you can hardly get loans from private investors except you pass through intermediaries. The time is ripe to apply decentralization to the system. Viva Network leverages on transparency of the block chain in solving these underlying problems.

Simply put, the platform can best be regarded as a mortgaging platform without interference. The platform brings on the mortgage process fiat. The main goal of this project is not limited to bringing decentralization to the mortgage industry. Its vision extends to linking borrowers and investors on Peer-to-Peer format.

The platform breeds amazing opportunities for investors and borrowers. Banks often play interests on their mortgage loans. These vary between 10-20%. Most times, borrowers have funds to repay loans but accumulated interest cuts off huge chunk from the fund.

For borrowers, the platform offers you low interest rates on mortgage loans. This is not automated. Middlemen and their charges are cut off. It rather links you to willing investors who will offer you loans at reduced interests.

Unlike banks that keep interests to themselves, investors will receive interest for their loans. These investors can also examine the value of an investment before plunging their funds to it. Likewise, the Fractional Mortgage Shares platform allows them gather and trade liquid shares.

Haven removed intermediary interference in mortgage loans, Viva Network developed a platform known as Viva Mortgage Platform. The platform is a fast-tracked way of getting loans because users can put up their mortgage funds for sale.

Users can also use the Fractional Mortgage Share Protocol in converting mortgage loans to valuable bonds such as the one presented by Tokenized Mortgage Bonds.

The platform brings amazing benefits to its key participants such as borrowers and investors. With the removal of intermediaries, investors can easily issue loans to borrowers at reduced rates. Borrowers’ access to loans is not automated. They have to put up applications to that effect. Confirmation of their application is seconded by notification of investors and interested ones can fund you.

The platform is also applied in investing funds at low rates and reaping many loans on its maturity. Hence, Viva Network is useful to the trio of arbitrage, borrowers and investors.