Quote:
Originally Posted by Rwirish
Not hidden and it’s not free.
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Let me clarify for the folks that only read the first post before replying.
At the sales office when signing the initial purchase agreement (the $2500 down) they mentioned the bond price and that it’s paid over 30 years. They are also up front about the monthly amount it comes to. They also tell you how it’s billed yearly. They don’t mention the interest rate. I knew the payment had interest based on the numbers.
The maintenance fee was not mentioned. I did my due diligence and found that fee before I signed the final purchase contract with the large deposit. I knew of all the fees and costs before I purchased. But I did comment that they aren’t up front about some of these costs when selling a home. No big deal.
So again my thread is about a 56% increase after year one seeming excessive. Most of neighbors seem to agree.
In regard to the post quoted, not sure when I said I thought it was free.