Question about HELOCs

[Zachary Blomberg]

Hello! I am interested in opening a HELOC to tap into the equity of my house without changing my current interest rate on my mortgage. I have been shopping lenders for a few days and they offer varying numbers for max allowable credit and interest rate. I can't decide which is more important between the two. For example (these are hypothetical), one lender will give me a credit line of $100,000 at a 6.5% interest rate, but another lender will give me $150,000 at an 8% interest rate. I don't have a particular investment in mind yet, but just want to get the credit line open. What do you think? Thanks!