Talk of The Villages Florida - View Single Post - Pay Off Bond or Pay Down Mortgage?
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Old 04-14-2021, 06:21 PM
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Quote:
Originally Posted by JohnN View Post
We have planned to keep this home for a long time and paid off the bond.
The bond interest rate was quite a bit higher, so we paid that off first.
If we were not keeping the home for long (I don't know, 5 years or less) , we'd have paid the mortgage down.
We have been in this house just over a year and will probably be herer for the rest of our lives. Would kind of like more space but will make do.

Give it another year or so and if we still think we will stay will definitely pay off the bond.