This means we make an investment in your home now. You get cash to help fund goals or needs you have — without having to sell your home, use up your savings, add yet another monthly payment, or implement draconian lifestyle changes.
We help you apply, appraise your home and present you an investment offer, usually between 5 and 15% of your home’s current value.
Once the paperwork is signed and recorded, the money is yours. You decide how you want to use it. No debt or monthly payments.
For more information about fees and costs associated with a Hometap investment, email us at firstname.lastname@example.org.
Finally, when you’re ready to sell, whether it’s next year or 10 years down the road when the term is up, we’ll be paid out our share plus an investor return — a percentage of the sale price.
Hopefully you and Hometap both make money because your house has increased in value. And if it doesn’t? That’s our risk, not yours. And, as such, we don’t invest in every property.