Difference between Interest only HELOC or traditional HELOC

[Susie Lowe]

Hey guys, I am purchasing a rental right now that is being built and my lender recommended to pull an Interest only HELOC on my current home that I have equity in it. I want to have the HELOC open for any future short term investments that may come up where i need quick cash and then within a few months, pay it back.

I nervous about an interest only HELOC, the rate sounds like its variable and not fixed. I'm used to the traditional HELOC

What's your guys thoughts on it.