Talk of The Villages Florida - View Single Post - "No Bond" is promoted in home sales. But what's the real savings?
Thread: "No Bond" is promoted in home sales. But what's the real savings?
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Old 11-26-2023, 11:00 AM
VApeople VApeople is offline
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Quote:
Originally Posted by GoRedSox! View Post

We chose not to pay off our bond because the interest rate on the bond is lower than the current interest rates for savings.
Our case was the opposite.

We bought our new house in 2016 and the interest rate on our bond was 6%, which was much higher than our interest rate on our savings. Therefore we paid off our bond.