Whether or not to pay off the bond is a very individual decision based on numerous factors. There is no across-the-board right or wrong answer. I will say this though...I think the “recoupment” estimates I’ve read on this thread are very high, particularly if you sell your home to someone who is taking a mortgage. At least for the time being, the prices (and appraisals) of resales are driven by the new home prices. A home with a paid off bond will only be more attractive and saleable if the price is the same or close to the same as a comparable new home. And a home with a paid off bond is not going to appraise for several thousand more than a comparable home, so even if someone really wants your home, they may not be able to get the financing or have the extra cash to buy your home if you try to add on a large percentage of the bond.
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