Waiting to pay your property taxes can have serious financial ramifications, and ignoring the consequences won’t make them disappear. No matter how much you avoid a problem, it won’t go away, especially when it comes to unpaid residential or commercial property taxes.
After property tax bills are mailed out (usually in October), the absolute final date for payment is January 31 the following year. This is because, from February 1, interest and penalties begin to accumulate. The longer you leave your delinquent property taxes unpaid, the more your outstanding balance grows. In July, attorney and collection fees amounting to, many times, thousands of dollars are added to the delinquent balance. Within a matter of months, your property tax bill will be substantially more difficult to pay than it had been originally. In the first year alone, penalties can be up to 48%.
If you are struggling to pay your property taxes or any penalties and interest that have accumulated, a property tax loan from a reputable lender can give you the payment freedom and peace of mind you need.
American Finance & Investment Co., Inc. (AFIC) is one of the fastest property tax loan companies in Texas (if not the fastest). We offer our clients an affordable, hassle-free way to manage their Texas property taxes and avoid crippling penalties and interest. We can ensure that your account with the local government tax office is paid in full and will work out a manageable repayment plan for you.
By completing the form on our homepage, AFIC can provide you with an instant quote. If you choose to continue with the process, in the right circumstances, we can have documents ready for your execution within 90 minutes of your call.
For qualifying properties, we can help you pay off your delinquent taxes and offer you the following benefits:w * Quick and completely online application process * No money down * No credit check * No application fees * Free 30-day rate match * Match competitors and beat their rate by 1% * Avoid high penalties and foreclosure
We pride ourselves on finding solutions to suit the unique needs of our clients.
It can be challenging to keep up with Texas’s rising property tax rate, but the consequences of not paying your property taxes are severe. To avoid the steep delinquency costs and possible foreclosure processes, homeowners can apply for Texas property tax loans, which are often cheaper than the penalties and fees associated with missing the due date.
A property tax loan will transfer the tax lien on a delinquent property to the lender, who will then hold the lien over the property until the loan is paid off. The property tax lender will pay the outstanding amount to the tax authority in full (including any penalties and interest that have accumulated). The property owner will benefit from the peace of mind that the crippling penalties have stopped accumulating, and their home will not be lost to foreclosure proceedings.
Other benefits of a property tax loan include: * Property taxes will be paid on time * Property tax loan payments are generally cheaper than the delinquency fees and penalties * They are an alternative to paying your tax bill in one lump sum * The requirements to qualify for a property tax loan are simple * The average property tax loan interest rate is lower than delinquency costs * You get financial freedom in the form of a manageable repayment plan * The property tax lender will pay off all existing debts to your local taxing authority
In short, property tax loans give delinquent property owners the chance to pay their overdue taxes in a time frame that suits their unique financial situation.
Banks may be able to provide large sums of money, but securing a personal loan to pay taxes on houses in Texas is far more complex than securing a property tax loan. With many restrictions and requirements, getting a loan from a bank can be lengthy and complicated.
Property tax lenders, on the other hand, provide easily accessible loans in a short time to help homeowners as soon as they can secure the loan. With fewer restrictions, it is easier to pay delinquent taxes when you choose the right property tax lender.
While banks have no shortage of money to loan, the availability of these funds is limited to applicants with good credit. Property tax lenders, however, are more lenient with granting credit approval to applicants who have had credit problems in the past. AFIC, for example, grants approval through a quick and easy online process with no credit checks.
One of the most attractive benefits of a property tax loan is that it gives you the financial freedom to pay back the lender on a schedule that suits you.
While property tax loans may not be suitable for everyone, if you owe delinquent taxes, they are a good option to help you achieve financial stability. If you are considering either a residential property tax loan or commercial property tax loan, look for a reputable lender with affordable rates, fast turnaround times, and flexible repayment terms is your best option – a lender like AFIC.
AFIC has become one of Texas’ leading property tax lenders. We are known for paying delinquent taxes quickly while offering low monthly payments and low-interest rates. Contact AFIC today, and a member of our experienced team will be happy to answer any questions you may have about our loan process and how it works.
Rates as Low as 8.0% (8.51% APR*) $25,000 loan,
$750 in Closing Costs, 120 Monthly Payments of $303.32
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Proudly Serving Austin (Travis County & Williamson County), Dallas (Dallas County), El Paso (El Paso County), Fort Worth (Tarrant County), Houston (Harris County, Fort Bend County, & Montgomery County), the Rio Grande Valley (McAllen, Pharr, Hidalgo County, & Cameron County), San Antonio (Bexar County), Waco (McLennan County) and the rest of Texas with Property Tax Loans.
YOUR TAX OFFICE MAY OFFER DELINQUENT TAX INSTALLMENT PLANS THAT MAY BE LESS COSTLY TO YOU. YOU CAN REQUEST INFORMATION ABOUT THE AVAILABILITY OF THESE PLANS FROM THE TAX OFFICE.
If you are over 64 or disabled, don’t get a property tax loan, contact your tax office about a deferral.
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