Hometap

Hometap is a Boston-based fintech company founded in 2017, dedicated to making homeownership more accessible and less stressful. The company helps homeowners unlock the value of their home equity through a financial product known as a home equity investment (HEI). This innovative solution allows homeowners to receive cash in exchange for a percentage share of their home's future value, without the burden of monthly payments or additional debt. Homeowners can use the funds for various purposes, such as paying off debt or making home renovations. The investment is settled when the home is sold or after a maximum of 10 years, with Hometap receiving an agreed percentage of the sale price or appraised value. Hometap is also developing a digital platform to assist homeowners throughout their homeownership journey, enabling informed financial decisions. Additionally, the company offers investment opportunities to institutional and individual investors, providing exposure to the home equity asset class. Hometap emphasizes transparency, flexibility, and homeowner control in its approach to residential real estate finance.