If the idea of home equity sharing is new to you, you’re not alone. John, a California homeowner with a background in financial services, had been unaware of home equity advance programs-until a competitor’s solicitation arrived in the mail. He found out about Hometap after diving into research on the process and terms, the marketplace, and specific providers.
“I was intrigued by taking money out without a payment,” said John, reflecting on his experience with Hometap. “The process was very easy and very smooth.”
When it came to accessing his home equity to make progress toward his goals, “everything made sense to me,” John said. “It was a great experience.”
John has a three-part plan for his Hometap capital: He’ll be using his tapped home equity to pay off credit card debt, invest in his girlfriend’s small business, and contribute to his son’s college tuition.