Talk of The Villages Florida - View Single Post - Do Bonds Equal Credit Card Debt?
Thread: Do Bonds Equal Credit Card Debt?
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Old 11-06-2020, 04:04 PM
DAVES DAVES is offline
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Originally Posted by KEVIN & JOSIE View Post
I was reviewing new home bonds at 30K plus range and at interest rates between 3 and 5 percent. It feels like with your new home purchase you accept this bad debt. Can you explain another way of looking at it? Thanks
An endless debate. You should ask your accountant. For example is the interest deductible to you. Do you have the money to pay it off? What are you getting on the money you would use to pay off the bond. Re: 3-5%. The interest rate is not negotiable. Ours was 5%, we take a standard deduction so it is not deductible interest. We/I decided to pay it off, this year. We were told somewhere in the deal we signed the interest would be renegotiated in two years.