Talk of The Villages Florida - View Single Post - Bond payoff
Thread: Bond payoff
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Old 11-26-2020, 08:10 AM
rmd2 rmd2 is offline
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Quote:
Originally Posted by TNLAKEPANDA View Post
When is the best time to pay off your Bond? Anyone know for sure?
I know that realtors do not recommend paying off the Bond... however the
Interest is around 6% which is very high.

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I paid mine off when I bought the house that I currently have lived in for 9 years. I'm glad I paid it off. If I hadn't paid it I would have paid interest all these years and still have owed the bond. The least that will happen if I sell it in the future is it will be a quick sell for someone who wants NO BOND vs what could be a $20,000 bond.