Georgia- HELOC or Heloan for primary Sfh

[Wendy S.]

Hi All

I'm in Goergia and trying to find the best lenders offering high LTV on primary residence as well as investment properties.

Hoping for 90% LTV on Primary ( found 89.99% via Discover) and 75/80% on investment. Please clarify whether it's a HELOAN or HELOC, thanks. Also, does the initial draw have to be the full amount like a HELOAN even though the product might say HELOC?

Thanks.