Brrrr - Home Equity loan instead of cash out refi

[Steve C.]

Hello - any loan officers out there that could answer this?

I Brrrr'd a two-unit house that I have lived in for a few years and then used a home equity loan in January to purchase another property and am almost done with another two-unit Brrrr, which to make the reno. easier, since I do it myself with just one other guy, I have slept at the new house in one of the units for at least 51% of the time I have been working there for the past ten months. 

Would an application for a new home equity loan on the new house make it through underwriting at a conventional bank? Or would they not accept it as my new residence for the six month seasoning period? Utilities all on in my name, some mail sent to the new address, but house owned in LLC name. I'm asking because I am just assuming I would get a better rate and avoid a lot of fees with a home equity loan as opposed to a cash out refi.

Thanks!