I thought I would add in a couple of things regarding bonds.
First, instead of buying a new house with no rights of negotiating the price, consider buying a resale house. You can negotiate price with the seller. Also, the bond will be lower (or even zero) as compared to a new house. My bond was only $2,500 when I bought a resale about 18 months ago as compared to friends who bought new and have about $23,000 bond. I have a much nicer home with much lower bond.
Secondly, I have seen some people who want to pay off their bond will take out a home equity loan; pay off the bond; and then the interest on the home equity loan is tax deductible. The interest is a lower rate than the non-tax deductible bond interest. Disclaimer: Check with a person who knows for sure.
I hope these ideas are helpful. Any way you do it, you will love The Villages.
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