Quote:
Originally Posted by dewilson58
Bond is at a higher rate of interest.......mostly with the Admin Fee.
Some say don't pay off bond because you will not get it back at sale. I disagree.
If you ain't planning on selling, this argument is mute.
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I agree, but sometimes plans change. As soon as you pay off the bond, the cash out value of your house will immediately decrease. You will only come out ahead if you actually keep the house for about 8 years or longer as "planned".