Thanks for the mello roos info. I’m in Stonebridge as well with mellos roos of about 6200 for the two CFDs. Seems to me from your data, the payoff amount is increasing (maybe because of the 2 percent increase per year?) so I should pay of the mello roos now instead of later. Love Stonebridge so planning on staying in the home forever so I suppose there isn’t any reason not to pay of the mello roos now. Been using savings to pay down the mortgage but seems like it makes more sense to pay off the mello roos first. No regrets paying off the mello roos, right?
When I bought the house, I was told there was three different rates for Stonebridge based only on the square footage of the home.
Thanks[/quote]
Yes, no regrets at all. Here are the reasons why:
–the interest rate on the two CFDs were 5% and 7%, my mortgage is at 3.7%
–for me my mortgage is deductable, my property tax isn’t (due to AMT)
–I knew we were going to be here for 10 years if not longer. Selling the property as a non-MR property is only going to give you a leg up.
–every April and November when we pull up our street on the SD county assessor site to pay the property tax we see a nice little reminder of why we did what we did.
I think my friend falls in the $6200 MR bracket.[/quote]
OCR,
What’s the process to paying off the mello-roos? I suppose you can’t just walk into the assessor’s office and give them a check.
