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Old 08-11-2008, 02:56 AM
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Muncle Muncle is offline
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Default Re: Bond on Homes
I hate to repeat the obvious, but the bond and it's future cost is no big deal. If there were no bonds, the costs would be included in the cost of the house. You buy a $225,000 house with a $25,000 bond, the cost of the house is $250,000. It is not $225,000. If you want to keep it simple, roll the cost of the bond into your mortgage and pay the thing off up front. -- yeah, there are PMI considerations, depending on your downpayment and mortgage.

And if looking at resales, remember that if one $200K house has no bond and it's identical to another $200K house with a $10K bond, the second one is overpriced by that $10,000.
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