Talk of The Villages Florida - View Single Post - the expected cost of living in tv.?
Thread: the expected cost of living in tv.?
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Old 10-20-2013, 08:24 AM
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Quote:
Originally Posted by senior citizen View Post
I'm puzzled. How many retired people really take out 30 year mortgages?
In Vermont they only used to give 20 year mortgages. We paid ours off in our early 40's.
We plan to pay cash for our home in THE VILLAGES.

Thus, this "bond" would be paid at that time, correct??? Meaning time of sale/closing. Not in installments.
Thanks in advance.

P.S. If one is approaching 70 years old (68/69) they would be 100 years old by the time the mortgage is paid off.

I will be repeating something I heard or read on this forum and I have no way of saying whether it is true or not. I have heard and really believe from people I know well, that well over half pay cash for their homes here.
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