Talk of The Villages Florida - View Single Post - Bond Payoff
Thread: Bond Payoff
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Old 03-12-2017, 07:37 AM
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Quote:
Originally Posted by RickeyD View Post
Until you need to sell your house. With the bond intact it is then assigned to the new owner. Take out a loan and you eat the whole bond.
While paying off the bond may not increase the value of your home, it might.
Some knowledgeable Purchasers will see it as an important feature.
Many Purchasers don't understand the implications of a high bond, but some do.
So if your bond is paid, it MAY make your home more saleable and desirable than houses that have high bonds.

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