I Want to Use a HELOC Toward a Down Payment

[Kenneth Ciuchta]

I considered cash out refinancing. I'll likely be living in the condo for a while and don't want the higher payment (fairly significant). Even if a HELOC has an adjustable rate, I'm more interested than a refi. I specifically want to use most, if not all of the HELOC for a down payment on my first investment property. I would love some tips and recommendations. Are all HELOCs the same? Can I use any HELOC for a down payment? Specifically for an investment property? Does anyone have a bank or lender recommendation for a quality HELOC for this use? My current mortgage is with Wells Fargo and one banker there kept trying to talk me into the cash out refi, so I'm ready to look elsewhere.

Thanks for the help! 

-Kenny.