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Bond
  #1  
Old 02-07-2019, 09:17 AM
bozaville bozaville is offline
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How do I find out the balance of my Bond?
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  #2  
Old 02-07-2019, 09:25 AM
retiredguy123 retiredguy123 is offline
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Go to districtgov.org, click on residential bond assessment information, click on amortization schedules, click on your county, district, etc. It will show the entire amortization schedule for your bond, assuming that you have not paid it off.
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Old 02-07-2019, 10:00 AM
bozaville bozaville is offline
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Thank You!
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  #4  
Old 02-07-2019, 01:25 PM
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CWGUY CWGUY is offline
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Quote:
Originally Posted by bozaville View Post
How do I find out the balance of my Bond?
Bond Amortization Schedules
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  #5  
Old 02-07-2019, 05:30 PM
Villageswimmer Villageswimmer is offline
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Be sure to check the interest rate. It varies depending on when the home was built. Mine was a whopping 6.125%.
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  #6  
Old 02-07-2019, 07:24 PM
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PS - as a buyer, I ALWAYS add the bond to the asking price of the house when comparing homes for sale. I believe (its just how I do it) that the bond amount should ALWAYS BE CLEARLY STATED in homes for sale. It is in fact, part of the capital amount you are or may be financing (directly or indirectly).
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  #7  
Old 02-07-2019, 07:38 PM
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twoplanekid twoplanekid is offline
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Quote:
Originally Posted by Tom C View Post
PS - as a buyer, I ALWAYS add the bond to the asking price of the house when comparing homes for sale. I believe (its just how I do it) that the bond amount should ALWAYS BE CLEARLY STATED in homes for sale. It is in fact, part of the capital amount you are or may be financing (directly or indirectly).
It is my belief that the bond amount is not included in bank financing calculations and not included in an appraisal value. I base this on my experience financing my Village home purchase in 2014.
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  #8  
Old 02-07-2019, 09:15 PM
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Tom C Tom C is offline
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2-plane,

You are absolutely correct. However, you are paying for both, at an interest rate (some here have said they are paying in excess of 6% on their bond!). You ARE paying different parties, but you are still paying for both.

I am saying that to compare the overall costs, I add the bond to the asking price when looking at or comparing homes that are on the market.
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  #9  
Old 02-07-2019, 09:54 PM
Jgg7933 Jgg7933 is offline
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Quote:
Originally Posted by bozaville View Post
How do I find out the balance of my Bond?
Just take a look at how much interest is being charged on the bond and how front loaded it is. I bought 9 years ago with the intent of not moving from my house and paid off the bond immediately. After 8.5 years I am saving tons of money now. Of course if you have plans on moving to another house within 8 years or so from purchase most choose not to pay it off. The realtors are apparently trained to tell everyone to NOT pay it off but I consider that pretty bad advise. Even if selling within 8 years, houses with bond PAID are much more attractive than still having a bond that is almost the same as it started out. Either way, you have to factor in that the bond is part of what you are paying for the house.
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  #10  
Old 02-07-2019, 11:21 PM
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manaboutown manaboutown is offline
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Quote:
Originally Posted by Villageswimmer View Post
Be sure to check the interest rate. It varies depending on when the home was built. Mine was a whopping 6.125%.
And as I understand it the interest on the bond is not tax deductible as mortgage interest usually is for most folks most of the time.
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