Don't pay off bond
We too had this dilemma. Our home was built in 2009 and we are the 4th owner so the bond has been paid down by previous owners. We plan on staying in this home but plans change so we decided we did not want to pay off this bond with money doing well (at the time) in investments and then buy another house (perhaps down size) and have yet another bond.
If we stay here another 7 years, the bond will be paid off and that money will be a nice boost to our budget.
|