Georgia Mortgage Broker Bond: A Comprehensive Guide This guide provides information for insurance agents to help mortgage brokers obtain Georgia Mortgage Broker Bonds At a Glance: Lowest Cost: $1,125 per year or $113 per month, based on the applicant’s credit Bond Amount: Minimum of $150,000 (more on this later) Who Needs it: All mortgage brokers …
Alabama Mortgage Broker Bond: A Comprehensive Guide This guide provides information for insurance agents to help brokers obtain Alabama Mortgage Broker Bonds At a Glance: Lowest Cost: $125 per year or $13 per month based on the broker’s credit Bond Amount: Determined by the dollar volume of loans closed in the previous calendar year: Table …
Financial Guarantee Bonds: A Comprehensive Guide This guide provides information for insurance agents to help their customers obtain Financial Guarantee bonds What is a Financial Guarantee Bond? Financial Guarantee bonds are a category of surety bonds that ensure the principal (bonded party) will make payment to the obligee (usually a government agency). The term “financial …
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