Hometap Review: Access Your Home Equity

Some people have a home that has gone up in value, but they’re unable to take advantage of it. This might be because of bad credit or too much debt.

Taking out a home equity loan has similar requirements to taking out a traditional loan. So those with less-than-stellar credit may not be able to access the equity in their home. Others, may want to avoid taking out a home equity loan because they don’t want to add another monthly payment obligation to their financial lives.

This article originally appeared on the College Investor. Read the full review here.