We were able to get quick access to the money, regardless of where my credit score was at the time we applied.
Weston Made Home Improvements And His Film Dreams Come True
Utah homeowner Weston and his wife decided that they were ready to explore ways to access their home equity — partially out of necessity, and partially to help fund a longtime creative goal.
“When we decided to work with Hometap, our goals were twofold: one, some renovations here in our home. Two, my wife and I have a business where we do film production, and we wanted some extra money to be able to move into doing a feature film,” he explained.
Weston was introduced to Hometap Investment Manager Bobby, his dedicated point of contact who guided him through the entire Investment process and made sure he understood each step before moving forward and filling out an Application.
One of the deciding factors that ultimately convinced Weston to work with Hometap was the flexible qualification criteria that differentiated it from more traditional financing solutions.
“The thing that set Hometap apart from other financial options that we had looked into was, mainly, not needing to have a high credit score for it…” he said. “Unfortunately, being a business owner, my credit score is always up and down…and since I’m on the mortgage...it makes it difficult to be able to get financing options.”
Having worked with lots of homeowners just like Weston, Bobby understands the struggle that many face when it comes to finding the right fit, especially since common home financing solutions often involve highly restrictive application and approval processes. “Most of the homeowners we work with have a credit score in the 620 range, and that frequently allows homeowners without perfect credit to qualify for an home equity investment,” Bobby said.
Weston was also impressed by the focus on transparency and ongoing updates as the Hometap team worked to complete his Investment. “They’re very clear on how much we’re going to be paying when we finish up with the Hometap program,” he said. “Overall, communication back and forth has been really great….[our Investment Manager] was very communicative about the process.”
The funds will be able to help them make their home a more pleasant place to live almost immediately. “We’ve been trying to replace our HVAC system here in our home,” Weston explained. We’ve got a furnace that’s over 50 years old and an AC unit that’s a swamp cooler and always gets the custom wood in our home all warped during the hot season…so that’s a quality of life improvement there.”
“The upgrades that they were doing and the home improvements were really just about being more comfortable in their own home, rather than any extravagant upgrades, which I think a lot of homeowners can relate to,” said Bobby. “And I was thrilled to be able to help them on their journey.”
Once that’s taken care of, Weston and his wife will turn their attention to their film company.
“It helps us have cash right now to be able to start moving forward with [our film], be able to get our team members onboard, and as we go through the next steps of production, not wondering where that money is going to come from,” Weston said.
Bobby is equally excited to have been able to help the couple with not one, but two goals. “Weston and his wife are pursuing their dreams and getting started on their third feature film. It’s a pretty cool endeavor to feel like we were a part of.”
If you could benefit from accessing your equity to reach your goals — financial or otherwise — find out if you qualify for a Hometap Investment. It only takes two minutes.
*Disclaimer: This homeowner was compensated for providing Hometap with an interview about her Investment experience.
YOU SHOULD KNOW…
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