How Texas Property Tax Loans Work
Texas property tax loans offer a practical solution for managing delinquent property taxes and penalties. These loans provide financial relief by spreading payments into affordable monthly installments. If you’re seeking assistance with property taxes in Texas, keep reading to learn how these loans work and how they can help you regain control of your finances.
As a Texas property owner, you are probably all too familiar with the frustrations of our state’s property taxes. As Texans, we pay some of the highest annual property taxes in the country, and your liability can quickly grow beyond your means if you miss payments. The interest and penalties pile up, and before you know it, the amount you owe to the authorities is not feasible for you anymore. Missed payments also lead to delinquency on your taxes. If delinquent taxes aren’t paid, the consequences can be severe, and your home can even go into foreclosure. If you are in this position, don’t worry. You are not alone, and there is help available to you. American Finance and Investment Co., Inc. (AFIC) is a reliable property tax lender that provides flexible property tax lending solutions, enabling you to settle your tax debt and work out easily manageable monthly repayment plans that suit your budget.
What Are Texas Property Tax Loans?
When you obtain a Texas property tax loan from AFIC, we pay your debt with the county or appropriate tax office, and you then pay us back on the agreed-upon loan terms. Your account at the tax office will reflect as paid, halting all collection activities. The tax lien is transferred to AFIC, and you then pay us. The beauty of this is that your debt with the tax office is settled, and the terms on which you repay AFIC are flexible and suited to what you can afford each month. You also have some leeway to reduce your fees, extend your repayment period, or both.
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Common Misconceptions About Property Tax Loans
Property tax loans are easy to obtain and offer a more manageable alternative to county repayment plans. With a reputable loan provider, a property tax loan can be a safe and effective financial solution. However, there are plenty of myths out there that make people think twice before applying for a Texas property tax loan. Some of the most widespread misconceptions include:
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Property tax loans are expensive: Strangely, this myth is so widespread because tax loans require very little time or effort to acquire and usually entail limited additional fees. Although every lender will have a slightly different process and business model, few (if any) will charge application fees and ask for a down payment. A property tax loan immediately pays off your county debt, allowing you to repay in a way that keeps you in control of your finances.
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Property tax loans provide a safe and reliable solution: Property tax loans are structured to help homeowners avoid penalties and foreclosure, providing a safe and practical solution. Falling behind on property taxes can lead to accumulating penalties, increased debt, and even foreclosure. A property tax loan offers a proactive solution by paying your delinquent taxes in full, stopping additional penalties, and securing your property from foreclosure. Instead of facing escalating debt, a property tax loan allows you to regain financial control with a structured repayment plan tailored to your budget. This provides peace of mind and ensures that you can manage your payments without added stress. Rather than letting tax obligations become overwhelming, a property tax loan gives you the flexibility to resolve them in a way that works for you.
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Property tax lenders only want to foreclose on your property: Many assume that when a tax lien is transferred from the county to the lender, the lender may have an ulterior motive. The claim is that tax lenders can simply use that lien to take ownership of properties. While some predatory lenders may exist, they constitute an exception, not a rule. Reputable property tax lenders focus on helping homeowners retain their properties and manage their debt responsibly. At American Finance & Investment Co., Inc. (AFIC), we have historically saved 50 properties from foreclosure for each one that we have had to unfortunately foreclose upon. Tax lenders make a living by providing reliable financial assistance to homeowners, empowering them to pay their debts and keep their properties. AFIC has stayed in business and become trusted contributors to Texan communities for several decades by doing precisely that.
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A property tax loan leads to the creation of a new tax lien: As mentioned, when a property tax loan is approved, and the lender pays the county on the homeowner’s behalf, the existing tax lien is transferred from the county to the tax lender. There is no new tax lien; the existing one merely changes hands.
How to Apply for a Texas Property Tax Loan
We’ve simplified the property tax loan process to provide fast relief for Texas homeowners struggling with tax debt. That’s why we require no money down, no credit check and offer a quick, fully online process. All you have to do is fill out our online form, and you will see an instant loan quote. Once we agree on the terms, we will make the necessary payment to the tax office, and you can begin your repayments as agreed.
About AFIC
Since 1946, AFIC has provided financial solutions to residents in El Paso and across Texas. With nearly 80 years of trusted consumer financing, we are a leading choice for property tax debt solutions. Having built and maintained a strong reputation and become a trusted supplier of financial services to Texas communities, we have the expertise and resources to empower property owners like you to eliminate their property tax debts and keep their homes.
As a trusted property tax lender, we offer our clients an affordable, hassle-free way to ensure that your account with the local government tax office is paid in full and will work out a manageable repayment plan for you. AFIC can provide you with an instant quote by completing the form on our homepage. For qualifying properties, we can help you pay off your delinquent taxes and offer you the following benefits:
- Quick and completely online process
- No money down
- No credit check
- 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. If you would like to discuss our Texas property tax loans, please contact our experienced team at AFIC today.
