[rustyp]

Deep sleep again tonight. So will all you other financial geniuses. The market was up 200+ today thus bragging rights will abound. I'm getting bored of sleeping well every night including all of 2008 and 2009. Talk to me when the DOW is back at 18000.

[New York Transplant]

Since you pay interest on the bond we chose to pay it off...

[ColdNoMore]

It looks like there are a few of us here that sleep like babies...with our choice.

Kewl.

[Putt4Dough]

Originally Posted by RickeyD

I understand you're attempting to justify your decision, I applaud that. But, I did notice you're back pedaling now saying the bond off house may sell quicker, maybe but not for more money. Although, if the house is a ****hole nothing will help, bond or no bond.

I paid cash for a home that the bond was already paid on.

[rustyp]

Originally Posted by Putt4Dough

LOL Next the financial geniuses here will tell us to pay property taxes using high interest cash advances from credit cards.

Anyway, for those reading along, here are some numbers to consider (this from another poster in 2013 thread)

If you stay in your house 10-12 years you will have paid out enough $$ to have paid off the entire bond up front. You would save the remaining 18-20 yearly payments.

Even if you stay 7 years you will have paid out over 60% of what if would have taken to pay off the bond initially and you will still owe 91% of the original bond or 23 more yearly payments which you must try to pass on to the next buyer

Since you haven't saved anything and have paid the same $$ out towards the bond now, your 7-8 year old house will have a hugh bond still to be paid while the other home will be a bond paid home. Now which house do we think will sell faster? Both owners paid out almost the same $$ for the bond even if you only stay 7-8 years.

An excellent post. I wonder if the do not pay off proponents really digested your post.