Quote:
Originally Posted by electricblue
If this is your forever home, does it make financial sense to payoff the bond? Pros and cons of doing this?
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Any advisor worth his salt will tell you that he needs to know a lot more about your financial situation before he can come to a decision.
In other words, for some people it will make sense to pay off the bond; for others it will not.
We paid ours off immediately because it was one less thing to bother with and because we couldn't find an "investment" that would guarantee us the 7% over the remaining life of the bond. Your situation may be different.