Quote:
Originally Posted by retiredguy123
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.
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That is exactly why we do not plan to pay off the bond early.
Have heard they might refinance the bonds to reduce the interest rate.