Talk of The Villages Florida - View Single Post - Bond payoff
Thread: Bond payoff
View Single Post
 
Old 11-25-2020, 02:22 PM
retiredguy123 retiredguy123 is offline
Sage
Join Date: Feb 2016
Posts: 17,470
Thanks: 3,059
Thanked 16,638 Times in 6,576 Posts
Default

I hate debt, but I have not paid off my bond. I think the biggest disadvantage to paying it off is that you will lose money when you sell the house. You will not be able to convince a buyer to reimburse you for the money you used to pay off the bond. And, very few people actually know how long they will keep their house before selling.

Last edited by retiredguy123; 11-25-2020 at 02:29 PM.