Last years notice was dated May 4, 2009.....Years prior were dated
May 30, 2008 and June 1 2007. You have approx 8-10 weeks from the date of the letter (Mid to late July) to decide if you are going to pay off the bond in full.
There have been a number of threads started on the pros and cons of making such payment. From what I recall, if you plan to be in your house at least 10 years or more it may be beneficial to pay it off. If you have any doubts of staying in TV or you think you may sell and move to another home in TV, its probably not to your financial benefit to pay the bond off for you are unlikely to recoup the cost in the sale of the house especially in todays market. If you plan on staying put and have the extra 15K, 20K or even 40K whatever your bond may be, it would make sense given low interest rates and the wide flucatuations in the financial markets...and you like to sleep at night!
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