New to this HELOC terms good or bad

[Shaune Faust]

Hello All We just applied for a Heloc this is what is being offers to us. Please advise all input is appreciated are these terms considered reasonable or should we apply with another institution. You have been conditionally approved for a Home Equity line of credit in the amount of $93,740.00 at a rate of 5.75% (prime plus 1.50%) which includes .25% discount for automatic payments from a Bethpage account. A minimum cash advance of $25,000 must be maintained for 12 months or there will be an automatic rate adjustment of .25%. Thank you