Quote:
Originally Posted by Kenswing
Just curious why you would pay it off now? Not sure what the interest rate on your bond is but ours is, if I remember correctly 3.12%. No way I’m taking money that’s making 5.5% to pay that off.
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Two reasons
1. As balance goes down administrative fee added to interest cost makes cost of bond higher as percentage.
2. We can and do not like owing money.