As an update I have found that Federally regulated financial institutions are restricted to a 65% LTV. Local Credit Unions also appear to be following that guideline. Some lenders are asking for appraisal and setup fees but these seem to be negotiable. I have been offered prime by several...

We are a retired couple purchasing a new home for cash and would like to arrange a Secured Line of Credit ("LOC") for the maximum amount (80 % LTV) at the best interest rate possible to enable us to use our equity for other investments. Our previous LOC with BMO had an interest rate of Prime...