Talk of The Villages Florida - View Single Post - Bond payoff
Thread: Bond payoff
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Old 11-26-2020, 05:35 PM
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Quote:
Originally Posted by Villagesgal View Post
Bond is so high now. When we bought it was only $3,500 so we paid it off at closing. Still in same house 19 years later and glad we paid it off. Friends just bought with a $30,000 bond. Don't think I'd pay that off. You can earn more than the 6 percent charged by investing the money wisely.
If you friends just bought, they aren’t paying 6%. Less than 4% in districts 12 and 13. I only found two districts that had an interest rate of 6% or more. If I remember right they were 9 and 10.
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