"Hometap's core home equity investment (HEI) product provides homeowners with cash upfront in exchange for a share of their home's future value, offering a way to access equity without monthly payments. As the cost of homeownership rises, families need practical, flexible ways to access the value in their homes, said Jeffrey Glass, CEO of Hometap. This financing allows us to further invest in the tools, technology and education that help homeowners make confident financial decisions."
"It also reinforces our commitment to broadening home financing options that are aligned with the realities homeowners face today. Hometap's funding follows recent operational milestones and continued strong homeowner satisfaction. Since its launch, the company has deployed more than $2.3 billion in home equity investments, serving over 22,000 homeowners. Today's homeowners face not only the challenge of buying a home, but also the ongoing costs of maintaining it and navigating uncertain economic conditions, said Matthew Botein, managing partner and co-founder of Gallatin Point Capital."
Hometap's home equity investment product provides homeowners cash upfront in exchange for a share of their home's future value, enabling equity access without monthly payments. The financing supports further investment in tools, technology, and education that help homeowners make confident financial decisions and broadens home financing options aligned with homeowners' real needs. Hometap has deployed more than $2.3 billion in investments and served over 22,000 homeowners since launch, demonstrating operational scale and homeowner satisfaction. New funding from Gallatin Point Capital aims to expand reach, reinforce leadership in alternative home equity solutions, and help homeowners manage purchase, maintenance, and economic uncertainty.
Read at www.housingwire.com
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