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05-04-2019, 12:01 PM
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Sage
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Join Date: May 2013
Location: South of 466a, if you don't like me.......I live in Orlando.
Posts: 12,844
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Thanked 11,036 Times in 4,217 Posts
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Quote:
Originally Posted by thetruth
Before you pay off the bond or your mortgage; assuming your have both, you, want to check the interest rate.
If. I recall the interest rate on our bond is 5.5% our mortgage is 3.2%. On the bond, the general OPINION is when you sell you do not recover that money in the price of the house.
Everyone's answer as to what makes sense FOR YOU, will be different depending on TAXES and investment money returns.
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With the Bond Payment Fee...........The effective rate on bonds are much higher.
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