Take Control of Your Equity with Hometap’s New Home Equity Dashboard

Home equity can be a complex and confusing topic, especially for homeowners new to this financial concept. The confusion only gets worse when you are dealing with relatively new financial products, such as home equity investments. Misunderstandings may occur about how these investments work, how they differ from traditional loans, and how they can impact a homeowner’s finances.

Hometap recently introduced a new tool that can help clear misunderstandings about how home equity and home equity investments work. The tool is called Home Equity Dashboard, and it’s designed to help homeowners track, grow, and leverage their home equity efficiently. This tool helps you get a clearer picture of how your home value might change with each financial decision you make. It also goes beyond traditional property management, offering features like interactive scenario planning, a renovation ROI calculator, home maintenance resources, and more. Here’s how it works.

Account Creation and Navigation

To get started with the Home Equity Dashboard, homeowners need to spend around two minutes setting up a free account. Existing Hometap users can access the Dashboard from their existing account hub, simplifying the process further.

By visualizing important factors such as home value, equity growth, debt, and more, the dashboard demystifies the home equity investment process. Users can make use of an interactive scenario planner to see the potential financial outcomes of their decisions. This includes the impact of additional liens or the addition of multiple properties on their home equity.

Moreover, the dashboard includes a renovation and return-on-investment calculator. This tool enables homeowners to assess the potential value of different renovations, providing clear insights into how such projects may affect their home’s equity.

In essence, the Home Equity Dashboard serves to simplify the complex, offering homeowners a comprehensive, easy-to-use tool that clarifies their financial picture and aids in making informed decisions about their home equity investments. Let’s dive a little deeper into the new features included in Hometap’s dashboard.

Dashboard Features

The Dashboard is the heart of this tool, providing projected values, equity estimates, and debt decrease scenarios for your property. By saving different scenarios, users can visualize potential outcomes and make informed decisions about their property.

Renovation Calculator Features

Hometap’s Renovation Calculator is another significant highlight, offering users the ability to determine the best renovation plan for their budget. The calculator provides cost estimates, potential value additions, and other considerations to help homeowners prepare effectively.

Home Maintenance and Resources

Homeowners can benefit from a comprehensive maintenance checklist that helps prioritize seasonal projects. Meanwhile, an extensive collection of resources offers insights on various topics ranging from home financing to renovations, equipping homeowners with the knowledge they need to make the most of their property.

Partner Updates

Hometap’s partnerships with home-centric brands like SimpliSafe, Branch, and Liberty Home Guard allow it to provide exclusive discounts and rates to its loyal customers, adding value to their homeownership experience.

If you’re a homeowner, take a deep dive into your home’s equity (and how to improve it) with Hometap’s new Home Equity Dashboard.