Quote:
Originally Posted by JimJohnson
We are in home number two and paid the bond in full for both. The bond is part of the home value to us. Paying it like a second mortgage is foolish to me. Yes, there is interest on the bond if paid over time that is higher than mortgage interest. If you can’t pay the bond off, at least add it to your home payment and pay less at the end of the note.
The Rep’s will tell you that no one pays the bond up front, but this is false. At closing on our first home, the buyer confessed to us that our home was a little high, but that our bond was paid so it became a better purchase.
Today’s bonds are approximately:
Patio Villa $19,000
Courtyard $25,000
Designer $35,000
You can find the occasional Cottage home in a Patio Villa neighborhood and pay the $19,000.
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I’ve bought and sold 5 new homes in the villages and never paid the bond off , when I sold them a couple of people wanted to subtract the bond price I said no all my homes sold full price , plus whatever the bond was , if you plan on buying another home down the road don’t pay bond off