Quote:
Originally Posted by biker1
If someone is considering two homes, one with and one without a bond, and they are initiating a mortgage, then the comparison is easy. Compare the monthly payments and add in the monthly cost of the bond to the house with the bond remaining. Most people look at the price of the home when they should be looking at the monthly costs. If you are paying cash for the house then the comparison may be a bit different.
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Agreed- but the total price is still the aggregate of the purchase price and the assumption of any remaining outstanding liens on the property.
I have found that many of the "professionals" selling RE in TV, even those employed by the developer often misstate the facts relating to the financial significance of the "BOND"