Quote:
Originally Posted by buggyone
Maybe I shouldn't say anything but I find it amazing so many Villagers have taken out mortgages to live here.
I would think that selling your previous home would have given enough cash to buy without a mortgage. Even with a depressed sellers market up North, with the prices we paid many years ago, there was no trouble making more than enough to pay off a primary mortgage on the house we sold and having more than enough to buy without a mortgage in The Villages.
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Congratulations on your "prosperiousness"! Believe it or not, it isn't that way for everyone! Sometimes having a mortgage makes more sense than not having one! There's also a tool called a Reverse Mortgage for Purchase that works for some. Everyone's situation may be different and even though it would be wonderful to own everything with no debt that is not a prerequisite to living in The Villages!