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.
“This
investment
reinforces
Hometap’s
leadership
in
delivering
alternative
home
equity
solutions
and
will
help
the
company
reach
more
people
with
innovative
options
that
make
homeownership
more
sustainable.”