Quote:
Originally Posted by Carla B
Not only interest, but an administrative fee.
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Most folks don’t look at their amortization schedule. It should also be noted that the interest rate your bond varies depending on when it was issued. Our first villa, built in 2012, carries an interest rate of 6.125%. That’s huge. This is amortized—not simple interest.
Anyone know who keeps the admin fee? Might be the bond underwriter, but I don’t know.