Quote:
Originally Posted by GeorgeT
The bond has nothing to do with the appraisal. The appraisal is based on the value property.
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That's why i've decided to take the money that i was going to use to payoff my bond, and increase my holdings in IBM stock. If i decide that this is the home i want for the long term,next July i'll look at the bond issue again. I can then decide to use my huge profits in IBM(got to think positive)
and payoff the bond or do a home equity loan so i can deduct the interest payments.If you are going to sell your home in the near future you will never recapture the bond payoff, since homes ARE valued on the appraisal alone, and NOT the appraisal plus the paid off bond.