[richc]

Hi,

This is my first post. I have been spending some time the last 2 days reading the various postings and find the information very interesting and helpful. Thank you.

I have just started looking into TV as a retirement option. I visited a friend there about a year ago and really enjoyed my stay.

I would like some help understanding the bond. Some recommend not paying it off up front, but to pay it off over 30 years at 7%.

Does the bank consider the bond part of the cost of the house, so that you could add it to the listed sale price and put 20% down and still get a conventional mortgage for the difference?

I would think that if you rolled the bond into a mortgage, then the interest would be tax deductable, and the present mortgage rates are less than 7%.

Is the interest tax deductable if you do not make it part of your mortgage?

Thanks in advance for your comments!