Talk of The Villages Florida - View Single Post - Do I get my bond value back if I pay if off early?
View Single Post
 
Old 01-13-2021, 06:55 AM
retiredguy123 retiredguy123 is offline
Sage
Join Date: Feb 2016
Posts: 17,761
Thanks: 3,113
Thanked 16,893 Times in 6,695 Posts
Default

Bond debt and mortgage debt are very different. When you sell your house, potential buyers won't care about your mortgage because it will be paid off at the closing. But, they will care about the bond. Unfortunately, many potential buyers would rather assume the bond debt than reimburse you for having paid it off.