Quote:
Originally Posted by biker1
Not exactly. If you pay off your bond you will only pay off the remaining principle. Your $50K number includes principle, interest, and an administrative fee for the remaining 25 years.
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biker1, wait you lost me. What principle & what interest are you talking about. My home is paid for. I thought Bond was for Village up keep. Not saying you're wrong, but to me that's just another way for the Villages to get extra money from you from each person for 30 yrs. Anyway you look at it it's extra money out of our pockets & into there's. Sorry if I don't quite understand it but it just doesn't seem right that we keep paying The Villages a pay check every year. But thanks for explaining it!