Talk of The Villages Florida - View Single Post - tv bonds
Thread: tv bonds
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Old 12-11-2014, 03:40 PM
janmcn janmcn is offline
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Quote:
Originally Posted by Veronica View Post
The bond on a TV house is not billed upfront when you buy a house. The principal (and interest?) is billed with your property taxes and takes about 10 years to pay off. It is not a good idea to pay off the bond upfront, because if you ever need or want to sell your house you won't get your money back. This is my understanding of TV bonds.
One other thing, the interest on the bond is not tax deductible.