Another way to get my financing?

[Natasha Hicks]

What is the best loan type for a large sum payout? (Repairs and upgrades.)

We've lived in and paid the mortgage for 5 years, just not in our name. We have officially "owned" it for less than 2 weeks. While it is in our name we will not feel like it is truly ours until we have the loan in our name too.

Are home equity lines of credit and home equity loans truly the same thing? 

Is the option to make it a new purchase and take cash out then, still on the table?  

Is there a chance we might find a lender willing to do it as a cash out refinance with so little time on title? 

Any other advice or suggestions are welcome. 

Thank you