Hometap has crossed $2 billion in deployed capital, indicating growing trust from homeowners and capital partners. More than half of homeowners feel financially stressed, with rising costs being a major concern. Hometap's home equity investment product allows homeowners to access cash without monthly payments, and repayment occurs when the home is sold or refinanced. The market for home equity remains underexplored, with significant potential for growth and demand continuing to rise, supported by customer education and capital acquisition efforts.
Crossing $2 billion in deployed capital speaks to both the trust we've earned from homeowners and the growing support of capital partners who share our vision.
Hometap's home equity investment product offers homeowners access to cash in exchange for a share of their home's future value.
With inflation, higher interest rates and surging property expenses putting pressure on household budgets, many homeowners are turning to equity-based solutions that offer flexibility.
We don't think we've really come close to sort of tapping out on overall demand. For us, we've been focused on customer education and securing capital.
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