[Boomer]

TOTV has lots of threads about the bond. The most recent bond thread had lots of opinions on what it’s worth to have a paid off bond. Answer: It varies.

And that’s not the only thing that varies. I just learned that there can be a rather significant variation in the bond interest rate from district to district.

If you want to know more about your own bond or the bond on a house you are thinking of buying, here is how to find that information:

Go to districtgov.org

First, you will need to know 3 things about the property—the county, the district number and the unit number……..

You can find your unit number on your Villages ID or you can look it up on districtgov.org under “Street Listing” under “Quick Links” on the Home Page. You will find the district number and county there, too.

(“Village Neighborhoods” lists unit numbers within each Village.)

Now, to find where a specific bond stands with interest rate and amortization, do this……

From districtgov.org “Quick Links” click on “Residential Bond Assessment Information” and then click on “Bond Amortization Schedules” where you will find links to the districts, by county.

Click on the county, scroll to the district, and click on the unit number to find the amortization table and the interest rate for the property. (This is where you can compare interest rates from district to district, if you want to.)

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PS: I hope my directions were not too convoluted.

[Fred R]

I was told at the Fenny open house that the $29,000 bond will cost the owner $1700 a YEAR, at 4 1/2 % interest for 30 yrs for a total of $51,000. Something to think of when prospective buyers are looking at homes I would think.

[Rango]

Originally Posted by Fred R

I was told at the Fenny open house that the $29,000 bond will cost the owner $1700 a YEAR, at 4 1/2 % interest for 30 yrs for a total of $51,000. Something to think of when prospective buyers are looking at homes I would think.

Only matters if you'll live another 30 years.

[Villageswimmer]

Originally Posted by Fred R

I was told at the Fenny open house that the $29,000 bond will cost the owner $1700 a YEAR, at 4 1/2 % interest for 30 yrs for a total of $51,000. Something to think of when prospective buyers are looking at homes I would think.

4.5 per cent not so bad. Ours was 6.125. Quite a difference. Did you include the annual administrative cost in the calculation? Yes, you pay them to take your money. They are so smart!

[Nucky]

I don't remember the rate on our Bond?

[Boomer]

Originally Posted by Nucky

I don't remember the rate on our Bond?

Aw, Nucky, please do not feel bad. We have owned this house for several years, but it was not until recently that I found out ours.

We never intended to pay the bond off, anyway.

[Carla B]

Nucky doesn't remember it - probably because there wasn't a bond there, was there?

[Nucky]

I will not bend the truth here, I fully understand the reason for the bond and the difference between where I did live and TV as far as the payment for what the bond covers but I just can't get past the beautiful alternative that allows us to be part of this community but sidestep the bond payment. Don't get me wrong I don't judge anyone else for their decision. We are as happy as two clams at high tide on the Hysterical Side. Boomer & Carla B.....no hard feelings I hope for me kidding around a little.

We usually don't play the lottery but did several weeks ago. We decided if we won we would stay where we are but just add a garage. The people on this side of town are priceless and though we are a bit younger its great having friends older and much wiser than us. We're Bonded.....to The Historic Side. Peace Out!

[Boomer]

Originally Posted by Nucky

I will not bend the truth here, I fully understand the reason for the bond and the difference between where I did live and TV as far as the payment for what the bond covers but I just can't get past the beautiful alternative that allows us to be part of this community but sidestep the bond payment. Don't get me wrong I don't judge anyone else for their decision. We are as happy as two clams at high tide on the Hysterical Side. Boomer & Carla B.....no hard feelings I hope for me kidding around a little.

We usually don't play the lottery but did several weeks ago. We decided if we won we would stay where we are but just add a garage. The people on this side of town are priceless and though we are a bit younger its great having friends older and much wiser than us. We're Bonded.....to The Historic Side. Peace Out!

Now I see what you were talking about. No bond for you!

I know a few people who live there and they like it too.

Congratulations! It sounds like you landed just right.

[Fraugoofy]

Originally Posted by Nucky

I will not bend the truth here, I fully understand the reason for the bond and the difference between where I did live and TV as far as the payment for what the bond covers but I just can't get past the beautiful alternative that allows us to be part of this community but sidestep the bond payment. Don't get me wrong I don't judge anyone else for their decision. We are as happy as two clams at high tide on the Hysterical Side. Boomer & Carla B.....no hard feelings I hope for me kidding around a little.

We usually don't play the lottery but did several weeks ago. We decided if we won we would stay where we are but just add a garage. The people on this side of town are priceless and though we are a bit younger its great having friends older and much wiser than us. We're Bonded.....to The Historic Side. Peace Out!

Peace out??!%×&! Hey!!! (Tee hee)

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