Click to verify BBB accreditation and to see a BBB report.
Follow us on twitter!
+ Reply to Thread
Results 1 to 4 of 4
  1. Tacoma
    Tacoma is offline Junior Member
    Join Date
    Aug 2007
    Posts
    18

    Texas Mortgage Broker Bond

    I was approved for a $50k Texas Mortgage Broker Bond for a one year term. I was just infomred by the state that I am required to have a two year term. Am I still approved?
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote  
  2. PT
    PT is offline Member
    Join Date
    Jul 2007
    Posts
    97

    Texas Mortgage Broker Bond

    Quote Originally Posted by Tacoma
    I was approved for a $50k Texas Mortgage Broker Bond for a one year term. I was just infomred by the state that I am required to have a two year term. Am I still approved?
    You should check with the agent that quoted your bond but I'm sure a two year bond would not be a problem. In fact, I think there may be a reduction in the premium for the 2nd year.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote  
  3. Hamburglar
    Hamburglar is offline Member
    Join Date
    Dec 2005
    Posts
    67

    3 year term

    If there may be a discount for a two year term, can I get a bigger discount for a three year term?
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote  
  4. PT
    PT is offline Member
    Join Date
    Jul 2007
    Posts
    97

    Mortgage Broker Bond

    Quote Originally Posted by Hamburglar
    If there may be a discount for a two year term, can I get a bigger discount for a three year term?
    I don't believe so. The discount for years two and on are the same - usually around 15%
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
    Reply With Quote Reply With Quote  
« Previous Thread | Next Thread »

Similar Threads

  1. Mortgage Broker & Mortgage Lender
    By h2o in forum Mortgage Broker Bonds
    Replies: 1
    Last Post: 10-03-2008, 10:44 AM
  2. Texas Mortgage Broker Bond
    By Mr. Bond in forum Mortgage Broker Bonds
    Replies: 3
    Last Post: 11-20-2007, 10:16 AM
  3. Mortgage Broker vs, Mortgage Servicer
    By Mr. Bond in forum Mortgage Broker Bonds
    Replies: 0
    Last Post: 11-09-2007, 11:19 AM
  4. Mortgage Broker vs. Mortgage Lender
    By UpDawg in forum Mortgage Broker Bonds
    Replies: 1
    Last Post: 08-21-2007, 03:02 PM
  5. Mortgage Broker Bond
    By Harley in forum Mortgage Broker Bonds
    Replies: 1
    Last Post: 05-15-2007, 08:33 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Forum Rules


Content Relevant URLs by vBSEO 3.5.0 RC1 PL1