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11-28-2020, 12:56 PM
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Sage
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Join Date: Aug 2009
Location: NJ, NM, SC, PA, DC, MD, VA, NY, CA, ID and finally FL.
Posts: 7,918
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Thanked 5,146 Times in 1,970 Posts
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Quote:
Originally Posted by Stu from NYC
Paying off a bond at 6% is also a guaranteed rate of return of 6%
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Yes indeed if one remains in the home. If one then sells the home with a paid off bond it remains an open question as to whether the full amount of the bond payoff can be recovered in the sales price. Some say yes; others say no.
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