Fund your retirement
Tap into your home’s equity to live comfortably in retirement.
Keep your financial independence and the lifestyle you enjoy by tapping into the equity you’ve built in your home. Whether you’re preparing for retirement or you’re actively retired, a home equity investment from Hometap can help you access your equity in cash without touching your mortgage rate.
Find out if a Hometap Investment can fund your retirement lifestyle.
Why homeowners like you choose home equity investments to live comfortably in retirement
No monthly payments
No income requirements
No 62+ age requirement
Dedicated Investment Manager
Simple, transparent process
10 years to settle Investment
I wouldn’t have been able to do one-tenth of what I’ve done with a reverse mortgage. A reverse mortgage is not geared toward the homeowner at all. This is.
Brenda K.
Jacksonville, FL
Read Brenda’s StoryCompare ways to fund your retirement with your home equity
Home Equity Investment | Reverse Mortgage | |
|---|---|---|
| Max LTV 75% | ||
| No payments for up to 10 years | ||
| No 62+ age requirement | ||
| No monthly payments | ||
| No debt-to-income requirements |
Resources for funding retirement
Age in Place With These 4 Home Upgrades
How to Get Out of a Reverse Mortgage
4 Hidden Retirement Costs—and How to Reduce Them
FAQs
Because there are a lot of factors that go into determining if Hometap can make an Investment in a property, each property is evaluated independently. That’s why we suggest you start an Investment Estimate so that our Investment Managers have the information they need to speak with you about your specific scenario. Here are some of the qualities that tend to make for a good fit:
- Your home is located in a state in which we’re currently operational. We currently invest in the following property and occupancy types:
- Single-family homes
- Condos
- Vacation and rental properties
- Multi-family homes (1-4 units)
- Manufactured homes
- You have a minimum FICO requirement of 575
- You have a minimum of 25% equity in your home
- You’re looking for an investment between $15,000 and $600,000 (minimum amount varies by state, and maximum amount will depend on home value and equity percentage)
The more you know about your home equity, the better decisions you can make about what to do with it. Do you know how much equity you have in your home? The Home Equity Dashboard makes it easy to find out.
- Your home is located in a state in which we’re currently operational. We currently invest in the following property and occupancy types:
A reverse mortgage is a loan wherein the lender makes payments to the homeowner based on a percentage of the home value. With each payment, the homeowner owns less equity in the home and grows their debt, as the interest becomes part of the loan balance over time. A home equity investment is not a loan. The homeowner receives a percent of their equity in cash up front, with no interest or monthly payments. Read more about the difference between the two options here.
There are no prepayment penalties for settling before the 10 year effective period is over. While many homeowners choose to settle their Investment with Hometap through the sale of the home, it is not the only way an Investment can be settled. Homeowners can use savings, they can refinance, or they can use a home equity loan to settle the Hometap share.
If you are the sole homeowner, the obligation to settle the Investment flows to the estate and the lien remains on the property. If there is a second homeowner and one homeowner passes away, there are no changes to the agreement
