Quote:
Originally Posted by bsloan1960
new owner/first time- closing at the end of june.
(using approx. Numbers) $20,000 bond paid over 30 years @$1100 per month = $33,000... Ouch!
I assume this is why some people choose to pay the bond off in cash. I called the development district and there is no creative way to reduce the interest payments- it's either pay it off in full or pay it monthly.
With this in mind what is the best way to pay this bond?
Thanks,
bill
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let the person you eventually do it as well as subsequent purchasers. Probably 3 to 5 in 30 years