There are a few private money lenders that are discussing several new home equity loan programs that will be released soon. (1secondmortgage.com)
Here's the loophole: If you take out a new home equity loan or line of credit and use the money for home improvements, you're converting a home equity debt into an acquisition debt because the proceeds are used to «substantially improve» a qualified residence. (cpapracticeadvisor.com)
If you own a home and have built up sufficient equity, you can open a new home equity loan (second mortgage) or home equity line of credit (HELOC). (personalprofitability.com)