Heloc research and questions

[Aleksander Dabrowski]

Hi. This is my first post as I just realized my I tried post never went out. I am really looking forward to connecting with you folks in here as I have recently learned so much. Anyway, I want to open a heloc on my home just to have available as time goes on and I begin my real estate investing. I am in the northwest suburbs of Chicago and looking for the smartest way to access as much equity as possible. I am leaning towards the no cost options for obvious reasons but am curious what downsides I face. A few lenders have higher max caps on interest between 18-23% which is important but in reality I am not sure if that is a main concern as much as current rates and costs. Also, we just refinanced and had an appraisal done so I am curious if that can be used. I look forward to your help as I want to get it done quickly because who knows where rates and the value of my house will go. Thanks in advance!