Bonds are pretty much a way of life in Northern California. The rule of thumb for most of was: planning to stay in that house for more than ten years? Pay off as much of the bond as possible. Planning to sell in the near future (starter house, investment property, job transfer in the future? Just make the monthly payment. Might be forever home but not really sure? Pay at least double the monthly amount due but don't pay it off all it once. You won't recoup this large cash outlay by selling the house.
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Army/embassy brat - traveled too much to mention
Moved here from SF Bay Area (East Bay)
"There are only two ways to live your life: One is as though nothing is a miracle; the other is as though everything is a miracle." Albert Einstein
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