The white-hot real estate market may be bad news for first-time home buyers … but it’s excellent news for people who already own.

A company called Hometap has created a better way to tap into your home equity. Like a bank, Hometap will give you a lump sum of cash based on your home’s existing equity.

You can then use this cash to renovate your kitchen, pay for college, invest for retirement, etc. But, unlike a bank, Hometap is an investor. So, instead of paying them back in monthly installments with interest, you simply give them a small ownership stake in your property.

When you eventually settle the investment through a buyout with savings, refinance, or sale of your home, Hometap gets its cut. However, because you don’t have to settle up for ten years, there’s a very good chance the value of your home will increase even further.

If you’re looking for a way to tap into your home equity without taking out yet another loan, you need to look at Hometap. It just might change your life forever.