Holiday Schedule: July 4th
06/30/2008
Bryant Surety Bonds will be closed on Thursday, July 3rd for Independence Day Weekend; we will return on Monday, July 5th. We hope you all have a safe and pleasant holiday. While we are closed, please explore our website for information on surety bonds, and when you are ready, use our free online application. We look forward [...]
Mortgage Apps drop to over 6 year low?.Rates also Fall
06/25/2008
Mortgage applications for the week ended June 20 dropped 9.3%, the lowest since December 28, 2001.
Borrowing for a 30 year fixed-rate mortgage averaged 6.39% in last week, down 0.18 percentage points from the previous week, this is also below the average 6.60% of a year ago.
A supply bond, a type of contract bond, guarantees the supplier will furnish supplies or materials as contracted. Should the supplier default, the surety will underwrite the purchaser of the supplies against any loss. This bond is required by the project owner or state or federal law to secure public construction projects. There are no special markets (bad credit) for this, or any contract bonds.
As with all contract bonds, Supply Bonds are reviewed in a conservative manner; meaning new companies will have to start off with smaller contracts and work their way up to larger ones, all while building up your companies equity.
Bryant Surety Bonds, inc. has the ability to place bonds in a wide verity of markets, allowing us to place bonds of all sizes, including some higher risk applicants.
