[quote=harvey][quote=sdduuuude]See an older piggington thread to read about paying off your Mello-Roos early. Basically it is a loan payment on a 9% interest loan. Borrowing at 4% to pay it off could pay-off. It should allow you to ask more when selling, though not all feel that way. Maybe when buying, ask the seller to get a payoff amount for the M-R.[/quote]
It never hurts to check but most bond rates today are now much lower than 9%. They were that high years ago but most issued today have lower rates and many cities have refinanced the higher-rate bonds.[/quote]
Most MR bonds in CV were issued years ago, not recently.
