Heloc info on a investment property

[Grady L.]

I am looking to use some equity that is currently tied up in an investment property. I would refinance but my current note is at 3.25%. So I would much rather use a Heloc.

I can get 5.5% APR, with the option to lock the rate, 10 year draw and 20 year term. They will lend 70% on a investment property. Does anyone know of better terms and with what bank? Thanks in advance:)