Quote:
Originally Posted by Altavia
They carry with the property. Paying them off risks not getting the funds back when the property is sold.
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Sure you can get your funds back. . if the sale price of the house less commissions is greater than the cost of the house plus the bond, you get the bond back. . at average rates of house appreciation, its about 5-6 years. . you just don't get as much back in total, which is the confusion. . but if you have no reason to move, and i get that moving can be unpredictable, if you have the money, paying it off just reduces your annual cost of ownership, and freezes up more disposable income from other fixed income sources