Can’t Pay Your Property Taxes? Apply for Property Tax Loans

In most instances, Texas residents needed to pay their property taxes by January 31. If homeowners were unable to do so, they are now open to receiving several unpleasant penalties. Rather than risk this undesirable eventuality, homeowners can obtain property tax loans that will help them pay the money that they owe.

What Are Property Tax Loans?

Property tax loans are loans for those who were unable to pay their property taxes. When they apply for this type of loan with Reliance Tax Loans, they will find that the process is as stress-free as it can possibly be. They will not have to pay money that they cannot afford for an application fee. Once they are approved for the loan, they will not have to pay closing costs.

The company understands that people are in a troublesome situation, and they are aware that their clients are having financial difficulties. They know that their clients may have made late payments or may have other negative entries on their credit reports. The company wants to help people relieve themselves of their property tax issues, so they will not ask to perform a credit check. They will not consider their applicants for a loan based on their credit scores.

After receiving property tax loans, homeowners may believe that they will have to make high payments. Reliance Tax Loans continues their commitment to helping people out of difficult financial situations. For this reason, they will not set their clients’ payments to an amount that they cannot afford.

The Consequences of Not Applying for Property Tax Loans

Those who resist applying for property tax loans are risking a seven percent penalty. This means that homeowners will owe their property taxes plus seven percent on top of that. Furthermore, the county may add a two percent interest charge to the debt every month that the bill remains unpaid. Those who cannot pay their property taxes by June 30 of this year will need to pay a collection charge that will be equal to 20 percent of the bill.

If homeowners continue to resist the need to apply for property tax loans after June 30, they will have a one percent interest charge added to their bills each month. The annual percentage rate (APR) for all of these interest charges, the collection charge and the penalties amounts to 44 percent of the original property tax bill. However, the bad news does not end there.

The counties do not have to wait until June 30 or after this date to take legal action against homeowners who did not pay their property taxes last month. They may file a lawsuit against delinquent homeowners today. This makes it imperative that homeowners apply for property tax loans with Reliance Tax Loans before they are assessed penalties, or are the subject of a lawsuit.

Applying for property tax loans is easy. Homeowners just need to fill out the online application or call the toll-free number and wait to receive their loan documents in the mail. After the loan closes, their property taxes will be paid.