Hometap is expanding its home equity investment product (HEI) into five additional states, extending its reach to markets that represent more than half of U.S. homeowners.

The Boston-based financial technology company announced Tuesday that its HEI product is now available in Georgia, Montana, Tennessee, Idaho and Delaware.

CEO Jeffrey Glass told HousingWire that the company chose the states after seeing strong consumer demand there. Nearly 10,000 homeowners in the five states contacted Hometap over the past two years seeking alternatives to traditional home equity financing, he said.

“Homeowners are facing rising insurance premiums, details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com