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Bond/Home loan Clearance
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<blockquote data-quote="Now Playing" data-source="post: 820837" data-attributes="member: 2381"><p>No harm in keeping bond active ... it serves as some form of security over others attempting to attach the property (bank holds title) and if you're able to draw down bond again at a future date it makes for pre-approved (and often cheaper) finance (of course you need to be disciplined enough not to access the facility for trivial reasons or put yourself in a position where you can't meet the repayments). Reapplying for a bond cost's moolah too, so another reason to leave the facility in play.</p></blockquote><p></p>
[QUOTE="Now Playing, post: 820837, member: 2381"] No harm in keeping bond active ... it serves as some form of security over others attempting to attach the property (bank holds title) and if you're able to draw down bond again at a future date it makes for pre-approved (and often cheaper) finance (of course you need to be disciplined enough not to access the facility for trivial reasons or put yourself in a position where you can't meet the repayments). Reapplying for a bond cost's moolah too, so another reason to leave the facility in play. [/QUOTE]
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