Rates on 30 years mortgages remain above 6%
05/08/2008
Though down slightly from a week ago, mortgage rates remained above 6% for the 3rd consecutive week according to Freddie Mac. The Mortgage giant reported that 30 year mortgages average 6.05% this week, down .01% from last.
New Home Sales Drop, State Guide Update For Mortgage Brokers
04/24/2008
More bad news for mortgage brokers and bankers as The Commerce Department reported today that new homes sales dropped 8.5% last month, representing the lowest level (slowest pace) in over 16 years. On top of this came news that the median price of new home sales dropped by the largest amount in almost 4 decades, the [...]
Performance bonds, a type of contract bond, guarantees that a contractor will adhere to the terms and conditions of a contract. The winning bidder upon award of the contract submits this bond. Generally, performance and payment bonds are issued together as they are closely related.
Programs are available for bonds of all sizes. We have a fast track (a simple application that bonds you based on the owner(s) person credit, as well as business financials) for bonds that are under $200,000.
Currently we have no contract bond (performance bonds fall under the category of contract bond) programs for clients with bad credit. If you have had any bankruptcies, tax liens, or just poor overall credit, you will be unable to obtain a bond. That said, Bryant Surety Bonds, Inc does have access to some unique carriers that have a higher approval rate for higher risk bonds/applicants then most.
