Single-family residences, 2-4 units, condos & townhomes. Attached and detached. Primary, Second Home, and Investment properties.

No. The initial draw (disbursed funds at closing) must be 75% of the approved amount, but the remaining amount can be taken out as needed (or not at all if decided)

Fee Simple: Leasehold in individual name & Inter Vivos Revocable Trust. Note: All individuals who hold title to the subject property are required to sign the Security Instrument but are not required to sign the mortgage application or Note unless their income is used for qualifying purposes. Ineligible vesting types: LLC or other entities

Here's the link- HELOC Guide- to the Consumer Finance Protection Bureau's (CFPB) guide on HELOC and the other popular ways to extract equity from your property.

The rate of your HELOC is indexed to Wall Street Journal Prime plus your "Margin" (the add-on to the Prime rate) determined by your FICO, DTI, and the loan LTV. The interest rate can change daily based on Wall Street Journal Prime rate changes. The interest is based on a monthly calculation of the average balance drawn by the borrower. 

5 year Interest-Only (I/O) period + 25 year Amortization

US Citizens || Permanent Resident Aliens || Non-Permanent Resident Aliens (with established U.S. credit) including verification that the Borrower has one of the following: 1) Unexpired Employment Authorization Document (“EAD”) issued by the United States Citizenship and Immigration Services (“USCIS”)., 2) One of the following visas: H series, L, E-1, G series or TN Visa. For further information see http://www.uscis.gov/, 3) Expiring visas: If the authorization for temporary residency status will expire within one year and a prior history of residency status renewals exist, continuation may be assumed. If there are no prior renewals, the likelihood of renewal must be determined, based on information from USCIS., 4) A valid passport, letter from employer/sponsor and an I-94 proving work authorization