How Jenny Used Her Home Equity to Achieve Multiple Goals

Florida homeowner Jenny was searching for a way to make some much-needed upgrades to her home, and pay off some debts to set the stage for reaching her financial goals in the future with less stress.

As she explored her options, however, she was overwhelmed by the lengthy, complicated application and approval processes that came with many of the more traditional financing solutions, like home equity loans and home equity lines of credit (HELOCs). In fact, she was already in the beginning stages of pursuing a home equity loan when she discovered home equity investments. She was intrigued by the simplicity of the Hometap experience and decided to move forward with an Investment.

“I was already trying to do a home equity loan on my house and it was just…long and tedious and I didn't have a lot of time to work on it,” Jenny explained. “I came across Hometap and I just thought, ‘Let me try it out.’ I never heard about it, but…it was a wonderful, wonderful decision. I thought that it was very easy — the whole process. And I'm truly happy to receive my funds.”

It wasn’t just the ease of the process that stood out to Jenny — but also the fact that her dedicated Investment Manager, Danielle, was there to support her and provide guidance every step of the way. Even when communicating via text, she felt the personalized connection and attention.

“What I liked most was my [Investment Manager]. She was amazing. She was always answering my messages, my texts at any time and really made the process a lot easier and I felt so comfortable and any questions that I had, she was just there to answer. And I truly enjoyed working with her and the whole process, the whole team, even though I've never met them in person,” Jenny said.

Now that she has received her funds and accomplished her more immediate financial goals, Jenny is looking forward to planning ahead for even more success in the coming years through investing in real estate and saving for her childrens’ education.

“This is really going to help me open up some doors for other financial goals that I have within the next year to five years. I'm able to put it into some investments for properties and help with my children's college. So I'm really, truly happy and it's a huge opportunity to free up some cash flow.”

If you could benefit from accessing your equity to reach your goals, find out if you qualify for a Hometap Investment. It only takes two minutes.

*Disclaimers: This homeowner was compensated for providing Hometap with an interview about his Investment experience.