Quote:
Originally Posted by Lolabird
This is incredible, everyone!
So much that I did not know.
I am realizing the the Bond is a major consideration. Is that paid separately, or as part of the financing package? Is there a time limit to pay it off?
We plan on being snowbirds, and living in the Villages Dec-April.
I was considering an east facing house, since the sun would set in the back
lanai when it would be warmest in the winter months. Does that sound logical?
Again, thank you all so very much. I knew I came to the right place to have my questions answered !
Lora
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On the bond: if I recall correctly there are only two options:
You can pay the current balance in full at the time of purchase, OR you pay monthly until it's paid off. You can't pay extra one month, or put an extra deposit down to reduce the monthly cost or duration.
It's possible that you can pay the balance off IN FULL at any time, but I don't remember reading anything about that and as I said in my previous post, the "Historic Section" has never had a bond in the first place so I never had to care.