I recently purchased a resale with the bond paid in full. When you purchase a new home buyers have to pay a bond used for infrastructure. Some buyers pay the bond monthly for 20 or 30 years. Some buyers put the bond amount in their mortgage and just pay it off right away. Some buyers after paying the bond for several years realize the bond interest rate is high and refinance their home and just include the balance of their bond. THATS WHY ITS BEST TO FIND A RESALE WITH THE BOND PAID OFF. Thumbs up.
|