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Old 03-02-2011, 08:12 PM
ljones190 ljones190 is offline
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Join Date: Jan 2009
Location: Mount Laurel, NJ
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Default tax deduction on bond

Keep in mind most banks will only give a home equity line of credit on your primary residence. Some will approve you on a second home but will ask for 2 to 3% above prime. The best I could do was 1% over prime, min. rate 4.5%. We have not paid off our bond yet, we will wait until we move down full time.
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Riverside NJ, Moorestown NJ, Mt. Laurel NJ, Tuckerton NJ, Mount Laurel NJ.