Talk of The Villages Florida - View Single Post - Pay Off Bond or Pay Down Mortgage?
Thread: Pay Off Bond or Pay Down Mortgage?
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Old 04-15-2021, 05:46 AM
kidnerkim kidnerkim is offline
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Quote:
Originally Posted by retiredguy123 View Post
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".
Why would cash out value of your home decrease? Bond paid off is a selling point ! We are looking at homes & are NOT looking south of 44 due to the very large bonds. I have even heard of people making offers on homes & offering less than the asking because of the bond. The interest rate is higher than mortgage rates right now so I would pay off.