Did anybody actually pay off the MR? How did that go? Thanks in advance![/quote]
Finished paying mine off ~2 weeks ago (4S Ranch).
Painless, but took longer than expected. Factor in a good month to get the payoff numbers. Timing can be important…
I was told the payoff amount of one of my bonds was about to increase 2%, and the other nearly 40% (yes, 40%).
My total was just over $60K. I took out a 5 year, tax deductible 1.9% loan to pay it off.
The net is I have 5 years of slightly higher monthly payments (for the loan) vs a 28 year MR payment that increases 2% annually (avg of $7,500/year MR over that period).
