Quote:
Originally Posted by EdFNJ
I thought you were saying all district 6 is the same and BECAUSE yours was whatever. My understanding was the rates were all supposed to be the same within a district. Evidently not unless they are mostly all listed wrong one way or the other. NOW I will call to find my SPECIFIC rate not that it really matters for me at this point, just curious.
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There are different bond series in different districts, for example CDD 10 has a 2012 and a 2014 series bond (phase 1 & 2), the bonds have different rates but everyone within each series has the same rate but may have a different principal amount depending on their unit #.
CDD10 2012 bond was just reissued with a significantly lower rate (3.05% vs. its previous of nearly 6%) saving residents with phase 1 bonds significantly.
Most of the bonds issued for development in The Villages have a 10-year call and are reissued if the market conditions are good and a better rate can be achieved. Don't expect any to be reissued in the next year or two thanks to the current economy.
You can find your rate here
Amortization Schedules - Sumter
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Don Wiley
GoldWingNut (a motorcycle enthusiast not a gilded fastener)
Village of Hillsborough
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