Paying off our bond has been a topic of discussion in our home many times. I would use our Home Equity line of credit at Prime plus 1/4 which is in place for another 10 years as long as we continue to own our Northern home. Also we are dependent on the Federal Reserve to continue to hold the interest rates at this low percentage. We also have read on occasion that Congress has talked about disallowing mortgage interest deductions which would hurt the new and existing homeowners.
But we also know that many upgrades, landscaping, etc, in our homes doesn't guarantee a 100% return of our costs if we decide to resell. They would "help" to sell the home and make it a bit different than the same models that are out there.
So, that is the conundrum.
Last edited by bonrich; 10-03-2013 at 06:39 AM.
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