We ended up paying off our bond. If you have a $20K bond at 5.5% interest, you'll be paying a little over $20K in interest over the period of 30 years essentially doubling the amount of bond. Someone mentioned they'd break even after 11 years. Its suprising how fast the time goes by. We've been here 7 years and it seems like yesterday. It just makes me glad we're not paying all that extra interest. And a paid off bond is a selling point if you do decide to sell. With the glut of houses on the market, it may be the factor that induces a person to buy your home rather than a similiar house that still has the bond.
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