Simply put, Hometap Equity Investment is a way for homeowners to be paid today for the equity they’ve accumulated in their property — without getting a loan. They invest alongside homeowners, providing cash today and participating in the proceeds at the time of sale. Unlike a lender, Hometap receives no monthly payments or guaranteed return on the money they’ve invested. For some, taking an equity investment can be an intelligent way to fund the opportunities and needs that come up in life while eliminating the “debt stress” of increased monthly payments.

The term of a Hometap Investment is 10 years. You can either buy out the Investment with savings, take out a home equity (or other) loan, or sell your home during the 10-year term. Hometap calls this process settling the Investment they’ve made in your home.