Thread: 6 Month Term
View Single Post
  #6 (permalink)  
Old 11-20-2008, 12:32 PM
Admin Admin is offline
Administrator
 
Join Date: Jan 2005
Posts: 719
Default

Let me clarify...

Surety Wizard is correct in that there are no mortgage broker bond requirements over 2 years.

A mortgage bond can be issued for a 6 month term, but the surety would bill you for the full year. A better option is to do an 18 month term, as anything over 12 months is typically pro-rated. This will make it so you don't lose those 6 months of premium.


Make sense?
__________________
Surety Bond Articles
Reply With Quote