Villages Bond Refinancing
I’m currently paying 6% interest on my Bond payment.Refinancing rates for homes are currently averaging 3% for a 15 year loan according to BankRate. I called the District office and was told they only look at interest rate changes on Bonds on the 10th anniversary of the Bond. We are currently paying more in interest in the lifetime of the Bond than Principal. I can’t remember this being brought up in the past but if there is enough ground swell within the community maybe the Villages will change the policy and save us residents a great deal of money. I know if no other home lending businesses getting 6% interest at this time.
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