HELOC Application denied. Why?

[Ernesto Hernandez]

Hey everyone, 

I own a primary near where I rent, and have about $250 in equity. Of that, I applied for $125K.

I have 3 rentals that I own free and clear in Indianapolis. I begun the mortgage process for the Refi portion of my BRRRR's on those at the same time I applied for the HELOC.

My credit is 740+

My credit card utilization is sub 10%

I have $10K in checking accounts and another $25k I could cash out of a brokerage account tomorrow if needed. 

Anything I don't know that would be resulting in me getting denied for the HELOC?

Thanks in advance.