Talk of The Villages Florida - View Single Post - Bond payoff
Thread: Bond payoff
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Old 11-25-2020, 01:37 PM
bandsdavis bandsdavis is offline
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Quote:
Originally Posted by TNLAKEPANDA View Post
When is the best time to pay off your Bond? Anyone know for sure?
I know that realtors do not recommend paying off the Bond... however the
Interest is around 6% which is very high.

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Not sure when the best time is, but if you want the payment reflected on your annual bill, and therefore not have a charge on the November bill, you must pay off the bond by the end of July (actual date may vary by year). As for me, we have determined that we make more by leaving the money invested and paying annually than we would be withdrawing it to pay off the bond.