Talk of The Villages Florida - View Single Post - Current Bond $
Thread: Current Bond $
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Old 01-10-2010, 08:02 AM
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ajbrown ajbrown is offline
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Quote:
Originally Posted by Russ_Boston View Post
Don't you just roll the current bond (assuming you don't want to pay it off) into a mortgage payment? So can't it be less than 30 if that is what you want? I assume that even if it is amortized over 30 you could still pay additional each month towards the principal to pay it off early?
I do not believe you can "pay it down", or make payments as part of your mortgage. Once a year, I can pay it off in full. If I do not then it comes with my real estate taxes. I think mine is $1500ish.