Quote:
Originally Posted by villagetinker
It appears there is some misinformation here. The bond is normally paid MONTHLY at the agreed upon interest rate over a period of typically 25 years
Hope this helps.
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Yes, there is misinformation here, including this.
Bonds in TV are paid ANNUALLY. Someone may Think they are paid monthly because they have a mortgage escrow prorated monthly as part of a home mortgage payment but, in fact the bond is paid ANNUALLY. It is collected with your property tax.
If you have no escrow this is very clear you get one, annual, bill for taxes and bond.
Hope this helps!