As we are all aware, the Fed has already increased the federal rate three times this year in an effort to get rising inflation under control. All indications show there will be more to come before the end of the year. Many agencies have debt with variable rates and are now facing rate increases. Now is the time to consider refinancing to a fixed rate loan to stabilize costs with predictable payments.
A recent InsurBanc article in The Standard further discusses the impact on insurance agents. Click here to read the article.
InsurBanc is prepared to work with agencies who find themselves in this current situation and to develop a solution individual to their needs.
For more information or to begin the process, please submit the form below and an InsurBanc team member will reach out to you.