Talk of The Villages Florida - View Single Post - Bond payoff
Thread: Bond payoff
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Old 11-26-2020, 07:38 AM
fastboat fastboat is offline
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Quote:
Originally Posted by TNLAKEPANDA View Post
When is the best time to pay off your Bond? Anyone know for sure?
I know that realtors do not recommend paying off the Bond... however the
Interest is around 6% which is very high.

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Pay it off as soon as possible. The interest you're paying is high and NOT tax deductible.

We took out a Home Equity loan and paid it off. The RATE was lower AND the interest paid was deductible. Iike getting a twofor.