The bond on your home, while a debt that you owe, is not reflected on your credit report. It is not a "bad" debt as in high risk or in default, it is just a part of the cost of a home in a new development. As retiredguy123 has said, you will be paying this no matter what, it's just a matter of it being rolled into the cost of the home or not. If you view debt as a bad thing, as I do, then yes it would be bad and it should be paid off as soon as you can. "...the borrower is slave to the lender..." Provers 22:7
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Don Wiley
GoldWingNut (a motorcycle enthusiast not a gilded fastener)
A student of The Villages, its history and its future.
City of Wildwood
www.goldwingnut.com
YouTube – YouTube.com/GoldWingnut and YouTube.com/GoldWingnutProductions
Carpe diem quam minimum credula postero
Society is produced by our wants, and government by wickedness; the former promotes our happiness positively by uniting our affections, the latter negatively by restraining our vices. - Thomas Paine, 1/10/1776
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