Quote:
Originally Posted by herbaru
I have read something like this before. Can someone please help me understand why most people suggest you do not pay off the bond? Please be gentle, I am math challenged.
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I am not certain most people suggest not paying off the bond. It has been discussed in great detail here in past threads. The consensus seems to be it is an individual matter. What is good for the goose is not always what is good for the gander. We paid ours off. We don't like debt. Not everyone is financially able to come up with the money. Others want to pay it off so it won't be a factor if they choose to sell their house. It is not always a question of the "math" factor although I felt the interest rate was more than I wanted to be saddled with.