Equity problems for the rookie

[Barry Christopher]

I own a property in Pensacola and the mortgage has been satisfied. The house is completely livable 3bdr/2full bath with no floors(just concrete) that would probably appraise around 40k. I'm looking to get some equity out of the home to be able to have some cash to do my 1st deal. Pen Air ran my credit and apparently my debt to income is still an issue with them even though I have a SATISFIED MORTGAGE as collateral for the loan/equity line/ whatever. I've also NEVER BEEN LATE ON ANYTHING EVER. Please help with ideas that could help me fund my 1st deal. I would greatly appreciate any information that I may use.