Sounds like a good idea. I think the major consideration is whether you love your home and don't plan on selling it for several years if ever. Other posters have noted that is hard to recover the cost of the bond in a home selling price if you sell within a few years.
If you don't plan on selling my home then paying off the bond gives you a guaranteed 6 1/2 - 7 % return on your money. It todays environment, that return guaranteed is not possible.
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North Carolina, TV
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