Many threads on this subject, try the search feature.
My thoughts are...when I bought my house in TV, the bond was sort of an afterthought and although I understood it was like a second mortgage, I gave it little consideration. I think many buyers here handled it in a similar fashion.
IF you pay it off and then decide to sell, the theoretical remaining balance needs to be added to the sale price which will make the sale price need to be that much higher than comparable other homes which than could make you look overpriced, particularly in the early years of the bond.
With today's brutally low interest rates, I find it very tempting to pay off too, but...at this point I'm just going to ride it out.
JMHO
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