New Way to Tap Your Home's Equity Without Monthly Payments

“House-rich, cash-poor” is, for too many homeowners, more than just an old saying.

It’s a daily reality. While their home may be a valuable asset, they often don’t have the money on hand to do major renovations. They don’t have the funds in the bank to allow them to take the next big leap in their lives, like starting a new business, paying for school, or investing in new property.

While a home can be used as collateral for a loan, that still leaves homeowners heavily burdened by debt. Luckily, a Hometap Equity Investment offers a new way for homeowners to tap into their home’s value: it’s an investment strategy, not a loan.

This article originally appeared on Entrepreneur. Read the article here.