Quote:
Originally Posted by tjwarzel
I received a letter the other day informing me that I could payoff my bond. I was wondering if anyone had any opinions pro or con on the subject.
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You are probably paying 7% on the bond. If we could have that as a guarantee return on my investments, I'd retire today. If you have idle funds that do not provide that return, as a strictly financial decision. I think it's a good idea. Cash flow is key. Now to get financing now might be more costly then you save. Also a heloc now is obviously lower but there is no guarantee what it will be so you need a fixed rate.
Some people believe that a paid off bond does not help to sell the house off.
I disagree. Buying a house is fianancial and what it costs in total is the key.
A little marketing goes a long way.