Every day in my office I have people phoning in to add interested parties to their home policies. 9/10 are adding a massive LOC for no other reason then their bank has offered it to them. No plans for it just taking it out and I don't get it. The temptation to spend that kind of cash would be to much for most and that is exactly what the bank is hoping they do I'm sure. I made a lot of financial mistakes in the past and am only now paying them off and I will do everything in my power to make sure that does not happen again. I have TONS of equity in my place that is still their thank God, and no ones grubby hands are in it other than mine.
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