Home equity loans

But knowledge of HELOCs and HECMs is higher among Gen Z and millennials than boomers.

New home equity conversion mortgage endorsements slowed in April, but remained almost 50% higher than the level from one year ago.

Delays in closing the deal after it was announced in August resulted in the parties' decision to remain separate, although they will still work together.

Alternative financing startup Hometap says it increased its investments in the segment by more than threefold over the past year.

The new asset investment funding will be used for the company’s transactions, unlike a December capital raise that is being used to support operations.

Bain Capital and American Family Ventures were among the investors in this funding round for the company, which has more than doubled its staff in the past 12 months.

The deal comes just days after Figure closed on a capital raise that valued it at $3.2 billion.

Offered through the company’s 11 chartered units in 12 states, the five-year fixed-rate installment loan is secured by the home and is available between $5,001 and $14,999.