Quote:
Originally Posted by thomas47
Thanks for info, ya have to pay it all or continue getting hit yearly with that interest. Summer in Canada sounds good to this Canuck after this past Florida one. Thanks again eh.
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Paying off a bond does save a lot of interest if you stay in one home. The only negative about paying off the bond happens if you decide to move. Resale purchasers do like the idea of buying a bond-free home, but strangely, it doesn't make a big difference to the bottom line that they are willing to pay.
At least that was our experience when we sold our bond-free CYV to buy a larger home.
Good luck with your decision!