So youre a homeowner, and you need money maybe a lot of money.
Many of us are in that same boat these days.
If youve owned your home for a while, its probably gone up in value.
Or maybe you dont qualify for one.
But theres a new option that you may not have heard of a home equity investment.
Whats that, you ask?
Balance Transfer = Credit Card Cheat Code
Lets say you own a home thats currently appraised for $250,000.
Sometime in the next decade, you sell your home.
Lets say you sell it for $300,000; Hometap gets an agreed-upon percentage of the new home value.
So what happens if the value of your house goes down instead of up?
Because theyre investing alongside the homeowner, Hometap shares in the depreciation, too.
Thats the risk we take, and thats for Hometap to worry about, not you.
A Few Things to Keep in Mind
Interested?
From start to finish, you’re free to have money in-hand in just three weeks.
After you close on the investment, your funds are wired in four days.
Then, a Hometap investment manager will walk you through the rest and answer any questions you have.
Hometap will arrange for a third-party appraiser to come out and determine your homes value.
You dont need to do anything.
Then, once everythings settled and signed, youll get your money transferred to you within four days.
Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder.
Hes a homeowner, and hes always in need of more money.
It sounds appealing right?
Check it out here!
