Does debt affect my HELOC?

[Robert J.]

I guess i have a petty easy questions i just haven't found an answer. I've browsed a few of the forum posts about "Pay down debt or invest" and haven't seen one that answered my questions so i figured id ask. 

I bought my home almost 5 years ago now and the recent comps in the area would put me at roughly 100k in equity. I wanted to pull out a 95% or 100% LTV HELOC but i also have about 25k in debt. (School, home improvements, etc...) and was wondering if it would look better pay off debt before applying because of dti or am i over thinking it? I have a 770-790 credit score, bring in roughly 70k a year through my job and also part of the national guard. My wife also works full time. Should i just stop stressing and go apply for the heloc so i can start investing now or should i actually wait and pay down my debt because i most likely wont get approved for a 95 or 100% heloc?