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Originally Posted by TOTV Newbie
Thx for the input. We will probably just pay it off once our existing home closes.
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It is not suggested that you pay the bond off. The reason is if you decide you need to sell you have lost that money because a house with a paid off Bond does not sell for a higher price. The paid off Bond helps a house sell faster. To find out what interest rate you are paying you can contact the district office or get on districtgov.org and look it up. The bond are either 20 or 30 years. The 20 year bonds are north of 466 off of Morse. The rest of the homes are 30 year bonds. But it is up to you if you pay it off or not. Just realize if you sell you will not get any of it back in a higher price. Also you cannot pay the bond off now until January 2. You have up to the middle of July before they cut off the pay off of bonds for the year.