Quote:
Originally Posted by retiredguy123
Note that there is no clause to renegotiate the bond interest rate with an individual property owner. The bond assessment office told me that the rate can only go down, never up, if they decide to renegotiate it with whoever holds the overall bond. It seems strange, but that is what the woman told me.
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Talk about strange, no one seems to understand this-including me. "Told me," we paid our bond off. At the time either the bank or the bond assessment told us the interest rate would be reviewed in two years from the time we decided to pay it off. Decision made-done-we paid it off. Truth, I do not know if the rate went down of by how much.