Quote:
Originally Posted by Altavia
Be sure you comprehend the bond is not a personal debt.
It is a debt again the property and caries with the property when you sell.
A bond does not count against your credit.
In most cases, people who pay off their bond do not recover their pay off.
The true cost of a bond is the bond interest minus what you can earn on your investments. If you have a 4% bond but earn 4% on a CD carrying the bond costs you nothing.
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It costs you the 4% interest you no longer get