Has Anyone Shopped Around for HELOCs Lately?

[Clair Lauderdale]

I am considering securing preferably one HELOC on 4 properties that I have full equity in. I have spoken to one community bank here in Atlanta, but their origination fees seemed high (1% of total amount) and they were counting on me to pay appraisal fees for each property appraisal (estimated $350 - $500/property). They were non committal on rates stating around 4% and then that they may have a special for 1.9%, but nothing definite. We did not get into too much detail.

Has anyone done their homework on what lender to go to for the lowest fees and best rates/terms on HELOCs?  I have read prior posts and TD Bank seems to be a favorite as well as possibly Chase and Credit Unions.  Any others?

Also what questions should I be asking?  One post said to be sure to ask about repayment periods.  I will definitely ask about appraisal fees and origination charges.  What other questions/pitfalls to be aware of?

[Dave Pate]

I just set up a HELOC at Regions. No origination fees, no appraisal fees, first year at 1.99%, then tied to prime. Term is 10 years.