Hometap launches to give homeowners new way to access home equity

Hometap, the data-driven, home equity investment platform, today announced that its home equity product is now available to qualified homeowners in Massachusetts with near-term plans of expansion to other states.

Hometap is a way for homeowners to be paid today for equity they’ve accumulated in their property without getting a loan. The company invests alongside homeowners, providing cash now and participating in the proceeds at the time of sale.

This article originally appeared on Markets Insider. Read the full article.