Quote:
Originally Posted by GoinAllTheWay
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.
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Yep, which is why when I borrowed money to pay for building the garage, I got a 2nd mortgage, and then when the main mortgage comes up I can roll the two together. That way I borrowed exactly what I needed; so that I couldn't be tempted to keep dipping into it.