Alternative equity tapping options – including products like sale leaseback or shared equity investments – do not typically have an age restriction similar to the ones which are active for reverse mortgage products. Nevertheless, for a senior who is looking to tap into the equity they’ve built up in their home, it is possible that […]
In terms of the available options that consumers have to tap into their home equity, so far the paths toward that goal are relatively isolated to something like a Home Equity Line of Credit (HELOC) or a reverse mortgage, either proprietary or a Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM). While that is […]
A reverse mortgage allows senior citizens to access the equity they’ve built up in their homes in order to access additional cash to accomplish certain goals. Whether that’s making ends meet during their post-working years, to finance a home improvement project, to pay for some kind of care or to tap a more stable resource […]
Boston-based alternative home equity tapping company Hometap announced Wednesday that it has secured $100 million in new financing. The capital raise includes new San Francisco-based investor ICONIQ Capital, LLC as well as Hometap’s current investors General Catalyst, G20, Pillar and American Family Ventures, the venture arm of AmFam Insurance. “We are thrilled to be investing […]
Over the past couple of years, an abundance of new, alternative home equity tapping tools have been introduced into the financial services marketplace. While some see these as potential competition with reverse mortgage lenders, others don’t see these kinds of offerings in a competitive light. One company with an equity appreciation investment offering sees a […]
When the reverse mortgage industry made its transition in appealing to members of the baby boomer generation from borrowers primarily born during the years of the so-called “silent generation,” it presented a very unique opportunity for growth in the business. Growing up in an era of post-World War II dominance that solidified America’s place as […]
1 in 5 American homeowners constantly feel that they are house rich and cash poor, and that their housing problems are getting worse. This is according to a new, wide-ranging and multi-generational study conducted by alternative home equity tapping company Hometap. A feeling of being “house rich and cash poor” chronically affects 1 in 5 […]
