Quote:
Originally Posted by Normal
Every case is so different. If you closed on a new house in 2020 or 21 you hit the perfect wave. Your bond was in the 20-35k range at 3% interest, while your income on investments etc is hitting 8-10% annually. It would be a very poor financial decision to pay off the bond.
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True. We purchased a resale in February 2021. We're the 3rd owners. We paid about $30K more than the 2nd owners, who bought the house in 2018. Our bond was around $20K...