[Goldwingnut]

Originally Posted by retiredguy123

Unfortunately, when you sell a house with a paid off bond, many potential buyers cannot differentiate between a house with a bond and a similar house without a bond. So, I believe that you will usually end up not being properly reimbursed for a paid off bond. It can also affect how much money the buyer can pay for the house if he/she needs to get a mortgage. I hate debt, but I have not paid off my bond because of this reality.

I'm with you on the debt issue. I gave myself 5-6 years in my current house to decide if I wanted to pay off my bond, I figured after that if I'm still here then I'm well rooted and not likely to move and paying the bond off. April was 6 years, May my bond was paid off. Dave Ramsey's voice rings in my head every day...Debt is Dumb, and Cash is King!