Quote:
Originally Posted by Moonrunner
And paying off your bond is not a good option because they tack on the interest for the life of the bond. Sounds like gouging on a major scale.
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Not true, the only reason you need to call for the "payoff amount" is that the interest is calculated to the specific date of the payoff, NOT 20 years or more in the future. We paid ours off after 5 years, it was just slightly different from the previously supplied escrow statement for that month. IT DID NOT have 20 years of additional interest.
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Pennsylvania, for 60+ years, most recently, Allentown, now TV.
