Quote:
Originally Posted by Villageswimmer
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.
|
https://www.districtgov.org/departme...financeFAQ.pdf page 3 says:
Why am I paying administration fees with the bond?
The administration fees are charged to cover the expenses related to record keeping and
administrative costs.
There is a phone number listed on the bottom of the page and the heading on the page says "VCDD Finance". You could call and ask.
