Talk of The Villages Florida - View Single Post - Bond
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Old 11-04-2013, 12:24 PM
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dewilson58 dewilson58 is offline
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Quote:
Originally Posted by Paul B View Post
I will be selling my home up north soon. Is it smart or not to pay off the bond on our Villages home? Half had said no and half have said yes. Thanks

From 10,000 feet (detailed people will start to reply):
Personal preference. The bond is financing for you. Check your rate of interest. 4%, 5%, 6%???? Can you leave your bond and invest the funds and make more money?? Some people take out Equity Lines with lower interest rates and finance it.

Keep in mind, if you just make the monthly payments, by the time you finish....you paid the bond twice.

Some people just pay it off, no worry about monthly payments and sleep better.

Good Luck

Last edited by dewilson58; 11-04-2013 at 03:02 PM.