HELOC Reason for Funds?

[Ray D.]

My bank is processing my HELOC request and asked me what the money would be used for. I told them another investment property and they started asking for the information on the property I was going to purchase.

Since I would need to know how much I can get from the HELOC before choosing a property I cannot provide them with this info. Instead they want me to write a letter stating that I would NOT be using the HELOC money for the property and need it as emergency funds instead.

In your experience does it matter what the money is used for with a HELOC? I don't want to write a letter stating I will not use the money for a property and a few weeks later do the opposite. 

Thoughts?

Ray D.