Why aren’t more people tapping into their home equity?

Source: Jessica Guerin, HousingWire

The options for tapping in to home equity appear to be growing.  Of course, you have your standard HELOCs and home equity loans and – for seniors –reverse mortgages could be an option.

But now you can also take on a homeownership investor, who will pay you cash for the chance to share in your home’s appreciation. Yet, so many Americans appear to be reluctant to take this route.

A factor could be the fact that the aging of the Baby Boomer generation has meant that the homeowner population is skewing older, and older homeowners might be more reluctant to take on debt.

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