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Rising home prices are raising equity levels, and homeowners are cashing in on these gains.
Banks would have to begin raising their common equity levels in 2013.
The market already requires community banks to have higher equity levels.
The best performers in your industry achieve brand equity levels just under 7%, so that would be an ideal target.
Lenders also have been lowering the credit scores and equity levels needed to qualify, industry experts say.
It's standard bank recession practice to let banks officially run with lower equity levels as they try to get themselves back on their feet.
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Hollingworth says: "Even just a 5% increase in your equity level could equate to big savings".
With piggyback loans, however, the lender provides the borrower with the money necessary to reach the 20percentt equity level.
For example, if your home was worth £100,000 and your outstanding mortgage was £80,000, you have an equity level of 20%.
How to get free of the trap If you can't remortgage, it's worth paying off your home loan until you hit a milestone "equity" level.
Tom Randlett, 69, an accountant, said that he was pleased to be able to find a spot there for the first time, but acknowledged that the program was "complicated on the social equity level".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com