Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#106
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Don't worry about if the bond adds value to the home Forget about "piece of mind" with paying off a $20,000 bond These are so far down the list of deciding factors. What you need to do is ask yourself, what will I do with the money if I don't pay off the bond. If you will keep it under you mattress, then pay off the bond. If you will renew your CD, then pay off the bond. If you will keep your baseball cards and coin collection, then pay off you bond. You have to honestly ask yourself, can I invest the money and guarantee myself a better ROI (return on investment) than 3.7% per year over 30 years. I know PLENTY of investment vehicles that can easily attain that goal. |
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#107
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CDD10 2012 bond was just reissued with a significantly lower rate (3.05% vs. its previous of nearly 6%) saving residents with phase 1 bonds significantly. Most of the bonds issued for development in The Villages have a 10-year call and are reissued if the market conditions are good and a better rate can be achieved. Don't expect any to be reissued in the next year or two thanks to the current economy. You can find your rate here Amortization Schedules - Sumter
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Don Wiley GoldWingNut (a motorcycle enthusiast not a gilded fastener) Village of Hillsborough www.goldwingnut.com YouTube –YouTube.com/GoldWingnut and YouTube.com/GoldWingnutProductions Carpe diem quam minimum credula postero Society is produced by our wants, and government by wickedness; the former promotes our happiness positively by uniting our affections, the latter negatively by restraining our vices. - Thomas Paine, 1/10/1776 |
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