Can I Get a Property Tax Loan Before Feb 1?
Property taxes in Texas are due on January 31st each year right after the Christmas holiday season. And, with some of the highest property tax rates in the country, many property owners are struggling to get enough funds together to pay their bills. One question that property tax lenders in Texas often get asked is “Can I get a property tax loan before Feb 1st?”. Here’s some helpful advice.
Why Is it Essential to Pay Property Taxes Before Feb 1st?
At the beginning of each year, a tax lien is placed on every property in Texas by the local government. When you pay your tax bill, this lien is lifted. If you miss the January 31st deadline, penalties are activated. This includes interest, which will start accumulating from the first business day in February, and a penalty of 6% of your original tax bill. For each month that this bill goes unpaid, an additional 2% penalty will be added. Your county may also charge you a fee for collecting your overdue property taxes, which can be as high as 20% of your total bill.
This is a very worrying position to find yourself in, as it makes it more and more challenging to get your finances back on track and pay your property taxes. However, leaving your bill to mount up is no solution. Non-payment will start the foreclosure process which, if it is not resolved within a certain period of time, will allow the local government to sell your property to recover the outstanding taxes and property tax penalties.
Get a Property Tax Loan in Texas Before Feb 1st
When it comes to getting a property tax loan, time is everything! So, don’t wait! If you don’t have a mortgage, you can get a loan before February 1st. Be sure to speak to a reputable firm that will not only offer you a good rate, but will also actively help you get a loan as quickly as possible in order to limit penalties, if not avoid them entirely.
If you do have a mortgage on your property, however, the situation is a little more complicated. Property owners without a mortgage will have their account with the tax authority settled directly so the payment deadline is met and no penalties or interest will be incurred. If you have a mortgage, you would have to wait until after February 1st, when your account officially becomes delinquent. Then, you can still settle directly and minimize penalties and interest to only one month’s worth of government charges. Your property tax lender will assist you with the costs and paperwork involved with settling your bill. If this is the situation you are in, be sure to apply for your loan as soon as possible after February 1st to avoid any further penalties accruing to your account.
The application process is exceptionally quick and easy. All you have to do is fill out our online application and we will get back to you with an estimate in less than a minute. You do not have to put any money down and approval is not subject to a credit check. We offer a rate match guarantee, and our loans provide a fast and affordable way to eliminate your property tax debt. As far as repayment is concerned, you can set up a schedule that works with your budget. For the first 24 months, you pay only the interest.
No matter how overdue your property tax bill may be, a property tax loan will help you get out of that debt and avoid foreclosure. In fact, the more penalties and interest you have accrued, the more urgent your application should be. All you have to do is act quickly and get the help you need from a property tax lender like American Finance & Investment Company, Inc. (AFIC).
Do You Need a Property Tax Loan in Texas? We Can Assist You Today
American Finance & Investment Company, Inc. (AFIC) is one of the leading property tax lenders in Texas, servicing all counties including Harris County, Dallas County, Tarrant County as well as Bexar County. We are proud of our exceptional rating on the Better Business Bureau, and our compassionate and experienced team is ready to assist you by providing you with a structured loan to pay property taxes designed to work with your financial situation. The earlier you contact us, the faster we can help you.
AFIC has been helping Texan property owners since 1946. We are a well-established, widely trusted company, and we have helped thousands of individuals and companies to settle their taxes, eliminate crippling debt and avoid foreclosure. We are a family-based company in which the executive level management has always been involved in the day-to-day business, making us the most dynamic and flexible property tax lender in the industry. The company has been led by three generations of the Eisenberg family, who collectively have over a century’s worth of experience in the financial industry. We take great pride in providing quality financial services and helping Texas homeowners navigate the frequent difficulties of Texas property taxes.
We are trusted by individuals, companies and various institutions across the state. When you apply to us for your Texas property tax loan, you can rest assured that your financial future is in safe hands. Let us settle your property taxes before February 1st (or as soon afterward as possible, if you have a mortgage). Then, with no debts owing to your local tax authority, you can make a payment arrangement with us, a company of individuals who are ready to understand and accommodate your financial needs.
To get help paying your property taxes before you incur penalties, contact us today or get a loan estimate in just one minute by completing the form below.
