Hometap’s core House Fairness Funding (HEI) product supplies householders with money upfront in change for a portion of their dwelling’s future worth, giving them a technique to entry fairness with out month-to-month funds.
“As the price of dwelling possession continues to rise, households want a sensible and versatile technique to leverage the worth of their dwelling,” stated HomeTap CEO Jeffrey Glass. “This financing permits us to additional spend money on instruments, know-how and schooling that assist householders make monetary selections with confidence. It additionally strengthens our dedication to increase dwelling financing choices that align with the realities householders face as we speak.”
Hometap’s funding builds on latest operational milestones and continued excessive home-owner satisfaction. Since its inception, the corporate has deployed greater than $2.3 billion in dwelling fairness investments and served greater than 22,000 householders.
“As we speak’s householders face not solely the challenges of buying a house, but additionally the continuing prices of sustaining their dwelling and weathering financial uncertainty,” stated Matthew Botein, managing companion and co-founder of Gallatin Level Capital. “This funding strengthens HomeTap’s management in offering various dwelling fairness options and helps us convey modern choices that make homeownership extra sustainable to extra folks.”
