Thread: bond questions.
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Old 04-02-2013, 01:53 AM
twinklesweep twinklesweep is offline
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Default NOT about paying or not paying off bond

Quote:
Originally Posted by KeepingItReal View Post
I have to totally disagree with this information above and I am certain it cannot be proven. If you want to pay 7% interest and an annual fee on over $21K which is nearly $1,500 plus a very small amount on the principal for 30 years it your call.
Is $21K the cost of the bond on typical new construction nowadays? Oh my.... In my part of TV (which is much of TV), bonds on secondary market homes usually range from $0 to $5,000. I cannot even imagine adding $21,000 to the price of my home! I probably couldn't even afford it!!! And besides, given the choice, I'd rather have more home in a more convenient location than take on a bond that can add 10% or more to the price of my home. Whew!