Quote:
Originally Posted by biker1
You know that for sure? The bond follows the house. Why wouldn't the property owners benefit from a refinance of the bond?
|
No, but The Villages publishes an amortization schedule for every property, and I have not received any notice that this schedule is anything but a payback schedule based on a fixed rate loan. If they want to reduce the payments, that is fine with me, but I don't see any reason or obligation for them to do so. They definitely could not increase the interest rate. I could understand the CDD refinancing the bond, and pass the savings on to future buyers. My opinion.