HELOC options comparision

[Karan More]

Hey Guys,

I am still new to real estate and how to choose HELOC's. I did my work on checking some local banks and their information on HELOC and all it comes down to two main points :
How much LTV
How much APR
Overall 10year draw period and onwards repayment period is there. No other cost of process. Taking 4-6weeks to complete.

Bank1 gives me 7.99% for 1st year and then 8.5% later onwards.
Bank2 is giving me 9.5-10.5% APR with 85% LTV. 

Example:
Bank1 gives 80% LTV gives me 50k as HELOC on 7.99% APR for 12months and then 8.5% APR afterwards.
Bank2 is giving 85% LTV that is 63k HELOC on 9.5% APR. 

So difference is coming out as 13k. 
What should be considered over here, better APR or better HELOC LTV amount to choose?
What is good in terms of getting HELOC, better APR or Better LTV or both?