Quote:
Originally Posted by Rwirish
At $38,000, yes a deal breaker.
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Quote:
Originally Posted by Toymeister
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!
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Agreed. There is a great deal of misinformation given especially in this thread.
The Bond is not a tax
Interest is not frontloaded
Bond payments are not tax deductible and those that encourage taking such action may well be also violating Federal Law.
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