[Haggar]

Originally Posted by Bill14564

What are you talking about? The bond is paid on the property tax bill, the property tax bill comes once per year. There is no "so much per month" for the bond payment.

My bond payment is in the neighborhood of $1,300. My house was built eight year ago and bonds are higher for the newer areas but it is incredibly difficult to believe that even they are at $13,200 per year ($1,100 per month).

Keep in mind that a homeowner that has a mortgage with an escrow account does pay into the escrow account monthly for entire tax bill due on October which includes taxes and the bond...

[Bogie Shooter]

Originally Posted by vb993

All developments that I have lived in, the developer pays for the infrastructure - roads, utilities, etc. and pays for them from the profits of selling the homes. When the developer has completed the development he turns over the ownership of the common facilities to the Property owners, who then own the common facilities and decide what to do with and pay for them. Not so in the Villages. The developer charges a Bond to pay for the infrastructure, and the developer it turns out owns the common facilities and charges the homeowners a monthly fee to use them. So the property owners pay for the facilities, but the developer owns them and he can do what he wants with them. Close down amenities, convert common areas to apartments, whatever. Can't wait to see what else the greedy kids of the developer have in mind. Convert all of the golf courses into apartments? I know the response - if you don't like it here then move. So I have.

Why then do you read and post about the Villages? BTW you have not been missed.............

[rogerk]

Do the math! The bond interest rate is probably less than you are earning on your investments. You can pay the bond off at anytime; there is no rush.

[rogerk]

Ask the district what your specific bond’s interest is! They are not all the same.

[Laker14]

Originally Posted by rogerk

Do the math! The bond interest rate is probably less than you are earning on your investments. You can pay the bond off at anytime; there is no rush.

they'd have to be giving me money to earn less than I've made on my investments the last month.

[Bill14564]

Originally Posted by rogerk

Do the math! The bond interest rate is probably less than you are earning on your investments. You can pay the bond off at anytime; there is no rush.

What rate have you earned in your investments in the last six months? If it isn’t negative then please share.

[Bogie Shooter]

Originally Posted by rogerk

Do the math! The bond interest rate is probably less than you are earning on your investments. You can pay the bond off at anytime; there is no rush.

Originally Posted by rogerk

Ask the district what your specific bond’s interest is! They are not all the same.

no probably
no need to ask district

See post #20,,,,,,,how to is there.

[Laker14]

Originally Posted by retiredguy123

Even if they do the math and they are willing to pay an extra $20k for the house because the bond is paid off, at today's current mortgage rate of 6 percent, that is an extra $1,200 per year in interest. For some buyers, that may disqualify them for a mortgage. But, as I understand it, mortgage lenders do not even consider a bond on the house when they appraise the house or determine the buyer's mortgage eligibility.

You address two good points I hadn't considered. One being if the extra $ in paid bond would affect how the mortgage underwriters appraise the loan. The other point, which I think is more intriguing is that I've always been looking at this with the idea that existing mortgage rates are less than the bond rate. However, as you point out, that's not the case right now. That changes the dynamic. Having paid off the bond, and now wanting to get it back in purchase price is working against you compared to the house for sale that has that same amount of bond locked in a at a lower rate.
Good point.

[Garywt]

Originally Posted by DAVES

Actually that is too common. So much per month is common You should check and know. It is so much per month is common sales tactics As is first month is free. They know exactly how many people will forget to cancel after the first free month.

Where does the money go? It is a good idea to write it down for a month.

Why to I care. It was setup when I bought my house, it is part of my mortgage payment. I don’t track my property tax either. The only time I need my tax amount is when I an filing my taxes.

[Garywt]

Originally Posted by GOLFER54

Pay it, save money and one less headache.

The only way to have a headache is to track it yourself. I let the bank take care of it so no headache for me.

[Glowfromminnesota]

From a buyers perspective, we specifically were only looking at homes with no bond or low bond when we purchased ours in September.

[Laker14]

Originally Posted by Glowfromminnesota

From a buyers perspective, we specifically were only looking at homes with no bond or low bond when we purchased ours in September.

Well you guys must be the "educated" buyers who "can do math" that I was told don't exist. Unicorns.

But, seriously, what if you liked a house, but it had a bond, would you have considered the bond as part of the cost of the house?

[terenceanne]

Nobody has mentioned piece of mind - which apparently has no value. We have no mortgage and no bond. Does it add value to you house - of course it does. Anyone buying a house will favor a house with no bond all other things being equal.

[ahill99]

Originally Posted by fastboat

What we did was take out a home equity loan and paid off the bond. This way you can at least write off the interest and probably at a better rate than you're paying on the bond.

Does anyone know if the if the interest expense on the bond payment is tax deductible? My guess is that it is not.

[dewilson58]

Originally Posted by ahill99

Does anyone know if the if the interest expense on the bond payment is tax deductible? My guess is that it is not.

It is, until audit.

The bond is deductible until audit.