Bond Payment
I'm just a little confused by the bond structure and payment process. Does the bond payment come out of my mortgage payment. (Assume it does, as I don't get "bond bills")
If so, is it part of the principle on the home loan, part of interest payment, or part of tax bill??
If I pay off the mortgage, is the bond included in the payoff amount?
Thanks for any insight someone may have.
Have a great Villages day.
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