Hometap extends home equity investment option to Nevada homeowners
Silver State owners have access to a debt-free alternative to Take advantage of growing home equity
BOSTON, April 12, 2022 /PRNewswire/ — Homepagewhich offers a smart new loan alternative for tapping into home equity without going into debt, today announced that it is now available to homeowners across the state of Nevada.
Unlike home equity lenders, Hometap invests in homes in exchange for a percentage of the property’s future value, giving homeowners near-immediate access to debt-free, interest-free, and monthly payment-free cash. Homeowners can use the money to meet their financial goals or fund big expenses – from paying off credit card debt or building a dream kitchen to financing their small business or using the home. money for a down payment on an investment property.
The typical value of a home in Nevada is currently around $434,698 and is growing rapidly, at a rate of 29.4% in 2021, according to Zillow data. The average home equity acquired in the state last year was $80,000according to information from a real estate data company CoreLogic.
“Home equity has grown rapidly through Nevadabut so far owners have been unable to capture this value without taking on more debt in a rising interest rate environment,” said Jeffrey Glass, CEO of Hometap. “With residential real estate values experiencing record growth across the country, investments in home equity offer homeowners the opportunity to meet their immediate financial needs and achieve long-term financial goals that they may have had to suspend during the pandemic, without the burden of a We are very excited to expand our geographic footprint in a booming real estate market like Nevada and be able to help even more homeowners.”
The launch of operations in Nevada increases the number of Hometap states to 18; the company also invests in houses Arizona, California, Florida, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Caroline from the south, Utah, Virginiaand Washington.
Hometap is on a mission to make home ownership less stressful and more accessible. Our home equity investment product offers homeowners a fast, simple and direct way to access the equity in their home without taking out a loan or having to sell. By investing alongside homeowners, Hometap offers debt-free cash in exchange for a share of the future value of their home, all without any monthly payments or interest over the life of the investment. Through a combination of financial innovation and top-notch customer service, Hometap empowers people to get the most out of homeownership so they can get the most out of life. Learn more about hometap.com.
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