[manaboutown]

Originally Posted by Dcljake

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.

Hear, hear! I totally agree. The reality is the cost of the house plus the balance on the bond is what one is paying for the house. Psychologically it may not feel that way which is why one may be better off not paying off the bond if he is not going to remain in the house long, then sell it.