Quote:
Originally Posted by Dilligas
That is dependent on the current bond value. If the home is 15 years old, at least half or more of the bond will be paid off. If the homes are new....then the bond value is the difference.
|
Bond is not half paid off at 15 years. Just like a mortgage, you are paying more interest in the earlier years and less later. Example here...
https://www.districtgov.org/departme...Unit%2065V.pdf