How does HomeTap function?

HomeTap operates by providing homeowners with a financial solution that allows them to access a portion of their home equity without taking on a traditional loan. As an investment platform, HomeTap invests in the property by providing a sum of money upfront in exchange for a percentage of the home's future value. When the homeowner decides to sell the house or at the end of the agreed term, HomeTap is repaid through the sale proceeds or other refinancing options. This service appeals to homeowners who need liquidity but do not want to increase their debt load, offering them a way to tap into their home equity while still retaining ownership and avoiding monthly payments that come with conventional loans.