Hometap CEO Jeff Glass discusses using home equity to fund small businesses
June 17, 2022
Throughout the past few years, it’s no secret that home prices have risen substantially.
More recently, inflation has raised the cost of living and conducting business, and higher mortgage rates have reduced homeowner’s ability to access that equity via downsizing. One alternative that has been increasing in popularity is providing capital to homeowners for a share of future home appreciation.
Hometap is one company that uses this method to give homeowners cash they need, whether it be for medical expenses, college tuition or home repairs, in an attempt to take advantage of increasing home prices.
This article originally appeared on FinLedger.com. Read the full article here.