Hometap Review 2021: Tap Your Home Equity Without Extra Payments

If you’re looking to access the equity in your home but you’re not looking forward to the new monthly payments that come with a loan, it’s time to take a close look at Hometap.

It provides an opportunity to receive debt-free cash by selling a percentage of the equity in your home. The cash can be used for just about any purpose. Pay off credit card debt. Buy a second home. Or even start a new business.

When you sell the home or settle the investment, you pay Hometap an agreed-upon percentage of the then-current appraised value of the home.

Boston-based Hometap was founded in 2017 and is a home equity investment service. That is, it provides customers with cash for the equity in their homes but without the burden of monthly payments. Hometap has a Better Business Bureau rating of A+, the highest rating on a scale of A+ to F. It’s also received 4.9 out of five stars on Trustpilot, with 92% of reviewers giving it an “excellent” rating.

This article originally appeared on InvestorJunkie.com. Read the full article.