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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Most Villagers don't live in the same Villages property for 30 years. If you only live there 10 years, you will have paid in only 10 years worth of bond, and the new owners will be on the hook for the rest.