Mortgage
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Hometap PayOff

Advertiser Disclosure

Repayment of loan

You will need to settle the investment with Hometap during the effective period of 10 years. You can sell your house at any time or buy an investment from the company. Once you decide to settle, Hometap will get a share. It is a percentage stated in your agreement with the company of the home’s sale price. 

There is a fee of 3% of the investment amount for application processing. 

You will need to keep on your obligations regarding the house, including paying loans, mortgages, taxes, or home insurance. In case the homeowner dies, the obligations will be moved to the property.

Hometap repayment

FAQ

Do I need to pay fees to Hometap?

Yes, there is a processing fee of 3% of the investment amount paid upfront.

Can I sell a house before the effective period with Hometap is up?

Yes, you can sell your house any time during the settlement period with Hometap.

What will be with my Hometap investment if I pass away?

Hometap will move the lien to the property if you are a single owner. If there is a second owner, the agreement won’t change.

Financial products
Hometap
Home Equity Investment
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

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