What if?
What if?
Since the annual payment is mostly interest, wouldn't it be in ones best interest to reduce the interest or at least make it legally tax deductible?
If you paid off the bond by using a home equity loan there could be savings in the interest rates plus home equity interest is tax deductible. And if you wanted you could apply more to the principle each year. Even making monthly payments which would further reduce interest cost.
Am I missing something?
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