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  1. Join Date
    Oct 2008
    Posts
    81

    Increase in bond amount

    I currently have a 25k mortgage broker bond in place but want to increase it to 100k. The surety responded by saying I need a co-signer and doubled my premium. Why?

  2. Join Date
    Sep 2008
    Posts
    109

    Premium Increase

    There could be a number of reasons that your premium has doubled: your credit may have dropped, the length of time your company has been in business, your company and/or financials may not support the requested increase for your bond. I would go back to the surety and find out exactly why.

  3. Join Date
    Oct 2007
    Posts
    401

    Increase in Bond Amount

    Quote Originally Posted by lifeisgood
    There could be a number of reasons that your premium has doubled: your credit may have dropped, the length of time your company has been in business, your company and/or financials may not support the requested increase for your bond. I would go back to the surety and find out exactly why.
    Has the surety bond market drastically changed from years ago?

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