Quick question regarding a HELOC

[Stephen Jones]

BP,

I applied for a HELOC around 3 years ago and got approved for 60K. My question is, after substantially paying against the note and my house going up in value over the last 3 years, am I able to re-apply to potentially get access to a bigger Line of Credit? Or is this not a wise decision considering where rates are now? I believe my current rate is at 6%. I have not touched the equity line but I am considering making a large purchase and I might need access to those funds, that is the reason for my question today. Any feedback would be great! Thank you.