Home Equity Lending News Covers Hometap Surpassing $2B in Home Equity Investments

Hometap Equity Partners LLC has eclipsed $2 billion in lifetime home-equity investment production, a milestone underscoring escalating demand for its products as the company advances plans for nationwide expansion.

In a news release Wednesday, the Boston-based HEI provider reported that since it began offering HEI products in 2018, it has originated more than 20,000 HEI contracts for over $2 billion. The $1 billion mark was achieved early during 2024.

Driving the mounting demand are relentless affordability pressures coupled with escalating homeownership expenses that strain household budgets, according to the announcement.

This article originally appeared in Home Equity Lending News. Read the full article here.