Home-equity offer may be unnecessary

Should homeowner accept $100,000 credit line?
Published on Sep 1, 2004

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

DEAR BOB: Recently I received an unsolicited letter from my bank offering me a “pre-approved” $100,000 home-equity credit line at no cost for the first year. After that, there is a $50 annual fee. I have about $250,000 equity in ...