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How Stuff Works: Hometap Review

September 2, 2021

How Stuff Works

Hometap brands itself as “the smart way to tap into your home’s equity.”

Many financial institutions offer home equity loans, but Hometap uses a different model. The company provides home equity investments. As an alternative to home equity loans, home equity investments allow homeowners to leverage their equity without taking out a loan.

In this review, we’ll explain home equity investments and take a closer look at Hometap.

Hometap offers home equity investments, which are an emerging alternative to home equity loans and lines of credit. So, Hometap is an investment company, not a lender. It doesn’t issue loans that use your home equity as collateral the way standard financial institutions do.

This article originally appeared on Read the full article here.