Quote:
Originally Posted by sulley007
In my opinion I've found that when a house has the bond paid off compared to the same one with a bond there isn't much of a difference in price. So I am not worried about my bond being paid off as I'd rather keep the cash.
|
Except as a person looking at houses to possibly purchase if I see a house I like at say $200,000 with a no bond and a house I like equally as well for $200,000 but a $20,000 bond remaining on it I am going to go for the house that has no bond. It's effectively $20,000 less by not having a bond payment I would need to take on as an additional payment beyond my mortgage. OR am I misunderstanding how bonds work.
Suzanne