How does hometap work? Hometap enables you to access some of your home's equity without taking out a loan. It invests in your home along with you and gives you the money you need right now. You don't have to pay any cash at closing because closing costs are deducted from the investment amount. You don't have to make any monthly payments to Hometap.Does hometap send you to your home for inspections? Although Hometap requires a third-party home appraisal, it won’t send anyone to your home for surprise inspections during the investment term. Essentially, there’s no ongoing commitment to the company until it comes time to sell your home or settle the investment.How much can you invest in a house with hometap? It also requires that you live in your home at least six months out of the year and you keep the investment amount you're seeking under 30% of your home's value and under $300,000, which is the maximum it is allowed to invest in your home. Hometap receives an A rating from the BBB and 4.8 stars out of 5 on Trustpilot, based on 173 reviews.Is homehometap a good idea? Hometap and home equity sharing companies like it aren’t a bad deal, but they are fairly new. That doesn’t mean they’re the wrong way to tap into your home equity, but you should do your research to make sure you understand how they work and if it’s the best choice for your financial needs.