Hometap Secures $100 million to Help More U.S. Homeowners Access their Home Equity Without Taking on Debt
Summary
– Dec. 11, 2019 Hometap, which provides a smart, new loan alternative for tapping into home equity without taking on debt, today announced that it has secured $100 million in new financing. “But the fact remains that the vast majority of homeowners are currently feeling ‘house rich and cash poor’, and there’s a lot more work to be done to make home equity investments an option that’s available to everyone. Hometap’s unique homeowner-first approach, coupled with its simple and transparent pricing model, has allowed the company to differentiate itself and achieve significant market share within the rapidly growing home equity investment category. One homeowner who turned to Hometap while trying to find a way to fund home renovations and pay off credit card debt is Butch F. from Monroe, North Carolina. “As investors, it’s rare to find opportunities with the combination of an attractive asset profile, a gifted management team, and the potential to provide meaningful economic benefits to households across the country.