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Hometap Home Equity Loans Review

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Founded in 2018, Hometap is a Boston-based company that offers a home equity loan alternative to those wishing to tap into their home equity. The company invests in homes in exchange for a percent of the future value of the home. The investment term is ten years, at which time the homeowner can sell the home or settle the investment with savings or by refinancing.
 
VIEW RATES

How is Hometap rated?

Breakdown

Overall Rating: 0 / 5 (N/A)

It's difficult to compare Hometap to other home equity loan providers because what it offers isn't technically a loan. It's an interesting new way for homeowners to access their equity without taking out a loan or making monthly payments. Instead, in exchange for ready cash, you give Hometap a minority stake investment. Hometap may not be a great fit for everyone. But particularly if your home has increased significantly in value since you purchased it, leaving you with equity, Hometap might work for you.

If the Hometap concept interests you, we recommend you speak with a Hometap representative and request an estimate of how much equity you can receive in cash and what it may cost you to have Hometap help you access it.

Hometap Features

Lender Type
Online Lender
Waived Fees
No Cash Due At Closing

Hometap Qualifications

Loan Qualifications
Property Appraisal
Primary Residence
Minimum Home Equity
25%

Hometap Customer Experience

Site Features & Technology
Online Quote
Home Equity FAQ
Helpful Related Articles
Trust Pilot Rating
4.8 out of 5
BBB Rating
A
Date Collected
2020-08-13

Contact & Additional Information

Homepage URL
https://www.hometap.com/
Company Phone
(617) 415-4419
Headquarters Address
800 Boylston St., 16th Floor, Boston, MA, 02199
Year Founded
2018

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Customer Comments & Reviews

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Ken A
9/13/2022
I was working with Ned with Hometap. The conversation evolved into personal comments. I told Ned my daughter does not like me because I voted for Trump. Ned said "It is too bad what that man has done to your relationship" I told him Trump had nothing to do with my relationship with my daughter. I ask Ned what exactly did Trump do causing the strained relationship with my Daughter.....as usually these liberals can not say one thing that Trump did. WARNING Hometap is full of brain dead liberals.......stay away

Alana W  
Official Response

Hometap Representative of Hometap Home Equity Loans
Hi Ken, we're sorry to hear you've been disappointed in your experience working with Hometap. We're committed to treating all homeowners - regardless of political affiliation - in a fair and consistent manner and apologize if there was any misunderstanding. Please reach out to hello@hometap.com with any further questions or concerns.

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