Quote:
Originally Posted by electricblue
Was wondering if this is your forever home, does it make financial sense to payoff the bond? Pros and cons of doing this? Thanks...
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We bought a pre owned patio villa that had a bond balance of $4200 in 2012. We were paying about $800 a year toward the bond. After one year we paid off the bond and now invest the $800 a year to make money. We don't have to pay the administration fee for the bond every year now either. For us it made sense to pay it off. We still own that patio villa and intend to keep it as a rental for at least 5 more years. Good luck with your decision.
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