Banks have specific loan to value (LTV) requirements for HELOC, for example, if your home loan is 90% of your total home value (LTV), the HELOC may not be available, but if youru LTV is 70% or less for example, there is "meat on the bone" for a HELOC. As a new mortgagee you are perhaps in the former category of a high LTV but you di dnot say your specifics of your home loan. Maybe you put 80% down instead of 10%, we don't know. Barring the above HELOC, which is what you were thinking, the personal loan for like $50,000 or whatever is an option, bu that depends on your income and credit history etc etc
