What are the alternatives after being denied a HELOC / Home Equity Loan from a Sub prime Lender?

Lets assume that you were denied for cashflow concerns or poor credit and that you had roughly 50K in equity in the home and you needed a loan for around 5-10K. In addition what type of rates would these alternatives charge? The reason I ask is bc I understand that sub prime lenders denied loan applicants at a higher rate (deny a larger % of applicants) than prime lenders.

You're exactly right. Subprime lenders require higher scores when trying to get an equity loan no matter how much equity you have. They will normally need to payoff the first loan to get financing if you don't have better than average credit. For a loan that small I would suggest a small personal loan at a credit union. You'll get a better rate than a second mortgage and pay it off faster.

Did you go through a mortgage broker or straight to a company. If you go through a broker they usually work with a 100 lenders or so and can usually find you a program that will work. I'm a loan officer if you want me to look into it send me an email.