Quote:
Originally Posted by Army Guy
herbaru, downeaster pretty much it. It is a personel choice, in that some say don't pay it off cause you may move within TV. Then have a new one to pay and that you can't get the price you pay for the bond most times added to your selling price of your old home.
We are also of the mind set and believers in "Dave Ramsy" in that debt is bad and you should live debt free if at all possible. So having saved up the money this past year since we bought, this summer we will pay our bond in full also.
Army Guy
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I agree! As new residents, we intend to live in our CYV for a few years to see how our finances go and to see if we can happily adjust to the downsize. I figure if our investments are still doing ok in a few years and we feel a bit cramped in the CYV, then we can upsize within the villages. For that reason, I am not going to pay my bond off because I would then wind up paying 2 bonds if I buy another home.