Cash FLOW is King and offers the most/best flexibility.
My opinion is do not pay off bond for all the reasons previously stated and also, I suspect your current return on the money you would use to pay it off is as good or better than the bond rate all in.
A 30 year mortgage at today's rates is very cheap money-I just refinanced myself and never plan to pay extra on it.
Last thought - Cash FLOW is king.
FWIW
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