Hometap Home Equity Investments Review
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Founded in 2017, 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.
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- No cash due at closing
- No monthly payments necessary
- Borrow up to $600,000
- Only 25% equity required and no prepayment penalties
