Loans for Property Taxes Can Save You Money

If you owe property taxes on your home and are short of money, you need to strongly consider using the services of a Dallas Loans for property taxes company. Although a company that will loan you money to pay your taxes will charge you interest, this will represent a savings on the money that the government will charge you in interest and late fees.

Your property taxes are due by the end of January. If you fail to pay, you will be considered delinquent. On the first day of February, you will be assessed both late fees and interest that total seven percent. This number grows each month thereafter by two percent until it reaches a total of 15 percent in June. As of July, the penalties and interest continue to rise by two percent but include an additional 20 percent collection fee. This brings the total of interest, penalties and fees to a huge 38 percent, and this percentage continues to rise month after month.

When all is said and done, you may need to hire an attorney to protect your home from being seized for failure to pay your property tax. Of course, an attorney is no guarantee that a lien will not be placed on your home.

It doesn’t make financial sense to put yourself in this situation. In addition, it can be difficult, if not impossible, to work with the government when there is a problem paying your property taxes. If you have become delinquent on your taxes, you may be able to negotiate a payment plan. This is something you should do before considering a property tax loan, but you should compare the payment plan with a loan to decide which is cheaper.

Eventually you will have to pay the property taxes, so you should consider a tax loan. In most cases the loan will save you money, and it may even save your home. A good place to start your search for a good tax loan is with Reliance Tax Loans. They are licensed in the state of Texas and have a reputation for providing low cost loans for home owners to help pay their property taxes.

If your credit is not very good, do not let that hold you back from applying. Loans are often approved with poor credit. In fact, you may be able to borrow money even with a bankruptcy on your credit report.

These tax loans are available for commercial properties as well as residential. If you owe property taxes in Texas and need money to pay them, there is a good chance you can get the money you need.

Reliance Tax Loans makes the application process easy. You can fill out their short form and submit it over the Internet or call them toll free seven days a week. You will need a few documents in order for your loan application to be processed. You will need your driver’s license, social security number, a bank statement and your mortgage and property insurance information.