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.
Wage and welfare bonds, also known as union bonds, guarantee an employers contribution to welfare funds; including payment of wages. These bonds are considered a financial guarantee commercial surety bond.
The Wage and Welfare bond has become increasingly difficult for most agencies to place as most bonding companies shy away from the risk of a financial guarantee. Fortunately, Bryant Surety Bonds has the power and relationships to place these bonds at very competitive rates.
If you have no credit, or poor credit, you will have a difficult time getting bonded. The reason for this is that bonding companies underwrite in a different manner then the insurance industry that most are used to. When underwriting, sureties operate under the assumption of zero loss. Because of this, those with poor credit are declined. If you fall into this situation we can help. Our bad credit surety bond program is designed to get you bonded.
