@CoachKandSportsguy one thing we learned is if you have the intention of paying off the bond and avoiding the interest you will over pay if you build. After buying land we received the amortization schedule. It showed $35,233.55 if it was paid off saving $22,722.04 in fees and interest. At closing they made us pay $1,933.04 toward the bond that the developer paid. This is the first payment on the bond with the most interest and the fee. So if you are building a home and the bill comes due prior to closing and you were preferring to pay the bond off you will end up paying the first year interest and fee. It would have been nice if they had a system to ask the person building if they intended to pay off the bond but its probably baked into the cake to get that first interest payment and fee.
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