Talk of The Villages Florida - View Single Post - Do Bonds Equal Credit Card Debt?
Thread: Do Bonds Equal Credit Card Debt?
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Old 11-06-2020, 08:56 AM
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Quote:
Originally Posted by Stu from NYC View Post
The problem with paying off the bond early is that if you decide to sell your home the prevailing wisdom you will not get more for your house since you have no bond.

But, if don’t pay it off you pay quadruple or more over the length of the bond. The bond holder does not want you to pay it off early just like any loan. The loan in the interest compounded. Resale house in more attractive with no bond. Who wants to pay off extra debt when you don’t have to.