Indy, I think you nailed it on this one. I paid my bond off in Mallory and sincerely doubt I'll recoup it on the sale. Ain't hindsight grand??
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Originally Posted by Indy Guy
Here is a link to a previous post about paying off your bond.
https://www.talkofthevillages.com/sm...ic,1702.0.html
I play golf with two guys who were advised by their Villages realty rep not to pay their bond off for at least two years so they will know that this is the house they want to
spend many years in. Both of them have purchased a new home in The Villages and sold their original Villages home. Both feel that they would not have recouped their bond if they had paid the bond off. One downsized and one went to a larger home. You never know if you purchased the right size home until you spend some time in it.
I will pay mine off next year after I am sure that I don't want to move to another house in The Villages as this is the only place I want to live.
Your interest quotes are correct if you live in your home for 30 years without paying your bond off. Remember you have the oppurtunity to pay your bond off one time each year. I for one hope I live in my home for 30 years. Let see I will be 93! Where do I sign up for that! |