Quote:
Originally Posted by Villager Since April 2009
The only reason I can think of for not paying off the bond is if you might be selling in the next few years. You could ask for a lower price for the home and the buyers would assume the bond debt. For them, the bottom line would be the same, but some people see it as cheaper to assume the bond. As I see it, the actual price of any home is the selling price plus the bond balance. I say pay off the bond if you can.
|
That's the plan, after Sharon gets done with all her decorating, i hope she will be happy with 3 bedrooms, 2 baths, 2400 sq.ft. on a cul-de-sac with terrific neighbors . If your not planning on selling, sure makes sense to pay off the bond and remove that debt from your tax bill.Plus, it frees up more cash for the happy hours!!!!!