How does Splitero work?
Splitero provides homeowners a lump-sum of cash in exchange for a share of their home’s appreciation or depreciation. These Home Equity Investments (HEIs) help homeowners use their home equity to better their lives.
What percentage does Hometap take?
What percentage does Hometap take? Depending on the specifics of your agreement, Hometap will receive 13.9-16.7% of your’s home value when you settle, sell your home, or refinance.
Is shared equity a good idea?
The biggest benefit of home equity sharing is that it’s not a debt. There are no monthly payments, no interest, and you can use the funds as you wish. Equity sharing agreements may also be easier to qualify for than a loan would be. For example, home equity sharing company Unlock allows for credit scores as low as 500.