As someone that plans to be moving to The Villages on the next year or two, I frequently look at the listings for pre-owned homes for sale. I always looks the ones that say "low bond" or "bond paid" first. I think the decision is a personal one and you have to weigh the high interest and no tax benefit of paying the bond off over time, against low interest tax deduction of a home equity loan, against how long you expect to be in the house. No one answer fits everyone.
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