HELOC After A Recent Refinance (Another appraisal necessary?)

[Andrew P.]

Recently had a refinance where the appraisal put my LTV at around 70%. The appraisal was done on January 1st, 2017. I am looking to get a HELOC but the banks I've contacted so far have said that I need to get another appraisal. I am hesitant for two reasons. I do not want to pay for another appraisal, considering I just had less than 2 months ago. Also, I do not want to get an appraisal only to find out that the new appraisal appraises my property at less value than my original appraisal, meaning I just wasted money and now have less money to pull out.

I live in Chicago. Anyone in the area (or anywhere at all, really) familiar with how to proceed. Also, I am looking for banks or credit unions that would give me a HELOC with up to 90 or 95% LTV. Thanks everyone