We did not pay off our bond....money used to pay it is taxable for us....and if we sell the house, I'm not sure it makes that big a difference, at least for our house. Some of the newer homes have very significant bonds I've been told, upwards of $50,000. If we ever moved, we would probably be looking at another place that might also have an unpaid bond...so.....in essence, we've gained nothing.
Others don't want to have that "debt" hanging over their heads and feel more comfortable paying it off.
It's a matter of what you feel comfortable with financially and emotionally.
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