Hometap, a cash-for-equity startup, bags $100M to take on HELOCs

Investors and venture capitalists have found a new way to nibble up home equity: buy slices of homes from their owner-occupants. Tuesday brought the latest evidence that momentum behind this strategy is building. Hometap, which touts a “smart, new loan alternative for tapping into home equity without taking on debt,” announced $100 million in new funding.

This article originally appeared on Inman. Read the full article here.