Investors Betting on Home Equity Investment Companies like Hometap
February 10, 2023
Home equity investments, or HEIs, present homeowners with a way to access their equity without losing their current interest rate or amassing substantial debt — a serious consideration today with the cost of living elevated by inflation.
Abate said Redwood anticipates that HEIs will be a “big focus area” for their company, which has invested $316 million in the sector so far.
Redwood isn’t the only company interested in building a portfolio of HEIs. Other institutional investors like Bain Capital, Citigroup, and Prudential Financial are betting on the shared equity products originated by financial tech companies like EquiFi, Unison, Hometap, and Point.
This article originally appeared on Business Insider. Read the full article here.