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Originally Posted by BettyCrocked
Ditto this. When I was looking at houses last month, I didn't even click the link on houses that didn't say "bond paid".
You may not recoup it in price, but you sure will get more looks and offers.
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Quote:
Originally Posted by BettyCrocked
Exactly. We aren't "debt and interest" people, especially when you look at those figures of paying $8600 to gain $1700. Some people are comfortable with those kind of numbers, I'm not.
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We were not comfortable with those numbers either. Our accountant advised it just didn't make financial sense to blow all that money on interest, particularly since it isn't tax deductible, and at the time was a higher rate of interest than what we could make on our savings.