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August 2, 2022  |  Posted by Balboa Bail Bonds Team  |  Bail Bonds

If you’re a homeowner, you have an advantage when it comes to finding affordable bail bonds. Typically, people who own their own homes are considered low-risk, which means that they can benefit from lower prices and other financial benefits. Getting arrested and dealing with the bail process is stressful, but with the right support and help with meeting your bail amount, it’s much easier to handle. At Balboa Bail Bonds, we help homeowners to secure the best prices and payment options for their bail bonds. You could be eligible for discounts and other financial benefits that make bail premiums more affordable.

In California, you can’t be charged more than a 10% premium for your bail bond, according to the law. You can also save more money by having access to discounts and lower prices, which you could benefit from if you’re a homeowner. Homeowners can also find themselves in a better position if they are facing a large bail amount. Large bail amounts might require collateral to secure bail bonds, which is often taken in the form of real estate. Therefore, if you are a homeowner, you can use your home to help you get the funds that you need.

Low Bail Bond Prices for Homeowners

Homeowners can benefit from lower prices when seeking bail bonds because they are usually considered to be low flight risks. Anyone who is more likely to attend their court hearing can get more affordable bail bond options because higher levels of security aren’t required. Your home can be used as security when you take out a bail bond, especially if you’re looking for a larger amount. Real estate provides excellent security, especially because homeowners don’t want to risk losing their homes.

Do you have to own your home outright to get bail bond discounts?

If you’re up to date on your mortgage, you don’t have to own your home outright to benefit from discounts on bail bonds. As a homeowner, even if you still have a mortgage, you could get excellent premiums on bail bonds and even use your home to secure your bond. You can get little or even no money down payments and you can benefit from flexibility for bail conditions.

How Bail Bonds Work

Bail bonds can help you out if you get in trouble with the law. You could be arrested at any time and many people feel totally unprepared when it happens. After you have been arrested, a bail amount will be set that you will need to pay to be released from jail. Some bail amounts are low, especially if law enforcement feels that the defendant is a low flight risk. These can sometimes be paid out of pocket. However, it’s much more common for bail amounts to be larger, which can be more difficult to pay on your own. In these cases, a bail bondsman can help you out.

In the state of California, you won’t have to pay any more than 10% of the bond, and the bail bond agents will cover the rest. If you find yourself or your loved one in the situation of needing a bail bondsman, you can get in touch with us at Balboa Bail Bonds for help. Call us or get in touch online to start the process. We can complete the paperwork for you and communicate with law enforcement to get the defendant released from jail. We cover the required bail while also promising law enforcement that we will make sure our client shows up in court. The next step is to pay the non-refundable deposit (of no more than 10%) so that the full amount of the bail can be paid and the defendant can get out of jail.

Flexible Payment Options for Homeowners

Homeowners can benefit from flexible payment options, including discounts, payment plans, and different ways to pay.

Our discounts can offer you the opportunity to secure low or even no money down payments on bail bonds. The maximum amount that you can pay for a bail bond premium in California is 10% but, as a homeowner, you can secure significant discounts. You can use your home as security against your bail bond or have a cosigner help to guarantee that either you will appear in court or they will be responsible for repaying the bond.

Having to pay a bail bond premium isn’t usually something that you plan for. It can leave you struggling to find the money even for a bail bond premium. Fortunately, it doesn’t have to cause you financial difficulties that you can’t handle. Our flexible payment options allow homeowners to pay their premiums in installments. Instead of having a larger lump sum to take care of, you can pay at a pace that works for you. Additionally, our homeowner discounts reduce your premium amount so that you have less to pay. You may even be able to secure a bail bond without having to pay a premium.

No collateral is required in many cases, even if you are a homeowner. You can secure discounts on your bail bond costs without having to put your home at risk. Some larger bail bonds might require real estate collateral or you can sometimes use other forms of collateral to secure the money.

Our service is completely confidential. We act privately and discreetly to protect your sensitive information. We don’t pass information on to law enforcement or the courts, so you can rest assured that your personal information is kept safe. You don’t need to visit us at our office or check in with us either. With a choice of payment methods, including online, phone, and in-person payment, you can easily make payments in whichever way you prefer.

Get Homeowner Discounts on Bail Bonds

Contact us today to ask about discounts on bail bonds for homeowners. Our knowledgeable agents can discuss your needs and advise you about the discounts and other flexible payment options that we have available. You can call us or get in touch online to speak to one of our agents.