Long story short, I recently switched from W2 to 1099 in the middle of a HELOC application, so they denied me. I am working while searching, and was planning on using HELOC funds as equity injection on a deal. Is there anyone that allows access to home equity as a source of equity injection, but without setting up a HELOC? It seems silly that you have to get a HELOC from one bank just to convert the home equity into cash that is then used as equity injection/downpayment to another bank. Is there a way to use the home equity without having to do a HELOC?