Quote:
Originally Posted by jollyroger
Hi All,
As a new TV owner, I am confused on the plus and minus about paying the
"Bond" off on a new home. I plan to stay here until they carry me out in a box, and I see no sense in paying 5 to 10 times or more the original cost by amortizing the bond! I have also heard that used homes sell faster if the bond is paid? Lastly, I have been told that the interest on the bond is tax deductable (hint- hint- wink - wink). If that is not legal, I would be the one to be audited by the IRS. Please let me know what the real scoop is 
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I would suggest you pay it off ONLY if your young (maybe 50's) and plan on staying in your home forever!! Then it pays off