Quote:
Originally Posted by JoanNem
Hello there,
My husband and I would like the hear the pros and cons of paying off the bond. We will be closing on our home shortly. And just wonder which way to go.
Thanks in advance
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The bond generally has a high interest rate which you cannot write off. If you plan on staying in the house then I suggest you pay off the bond. If you do decide to move after the bond is paid you can use the fact that the bond is paid off as an incentive to perspective buyers.