bought a house build in 2004 in Sept. 2007. Bond started at around $10,200 when house was new. We decided to pay off balance which was around $9400 and did so two weeks ago. We have no plans to move (even though our crystal ball is cloudy) and the bond payment the two years that we paid on it with our taxes was around $820.00 a year. Our money in the bank was making around 2% and the bond was 6-1/2%. We felt this was the right thing for us. I am sure there are plenty of those who probably think this was the wrong thing to do but it felt like the right decision for us.
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