Are you sitting there staring at your property tax bill? Are you quite sure that it will be taken care of in "just a couple of months"? I have been in that situation and luckily I was able to take care of it in just a few more months but looking back, I made a poor choice. I paid more than I should have by trying to do it myself for two reasons....
First, I got absolutely crushed by late fees and penalties. By the time I got my property taxes paid off, I had spent an additional 25% in fees. I felt it was my problem and I would solve it without anybody's help. That arrogance cost me, and in the end I still needed the help of others. I would have been much better off swallowing my pride and getting them done RIGHT AWAY.
The second thing that can add to costs is rising interest rates. They are going to go up. There is no question about it. There is too much money in the system and foreign nations are artificially keeping their currencies down to be able to maintain their exports (China being the chief offender). With all that money floating around, rates will have to go up to contain them and stop global inflation. If it doesn't happen, food and other commodities will become so expensive many developing will not be able to afford simple staples like rice and social unrest will topple governments. It seems overly complex when talking about Tax Loans, but world events really do play a part in every aspect of daily life however far removed they may seem.
That being said, again, rates will rise. Consider adding another 3 or 4% to the fees that are already being imposed. Time is not your ally. The longer you wait, the more likely you will be paying another 30% to the already formidable tax bill. It seems overwhelming, but there is a solution....
Get a property tax loan. You choose the terms, and spread the bill over years. There is no prepayment penalty. If you can pay it off in 5 months, do it. Why pay an additional 15% in penalties to the county when you don't have to? 90% of those that apply are approved, even if there are dings on credit. Best of all, there is no cash due at close.
When times are this tough, take advantage of all your options. We can and will help. Give us a call at 800-719-4096 and let one of our professionals help you navigate through the rough waters. We can get you closed in a matter of days and you can spend less of your time worrying and more of your time focused on the good things ahead.
The Texas Property Tax Lender, Tax Loans USA provides a way for taxpayers to make low monthly payments with no prepayment penalties and fixed interest rates. Each year, thousands of people find themselves unable to pay their property taxes on time. Tax Loans USA approves 90% of applications and once approved, your property taxes are paid in full with NO OUT OF POCKET expenses.
The quantum of penalty is equal to the amount of loan accepted or repaid otherwise than by account payee crossed cheque or bank draft. In addition to regulating loan acceptance and repayment, the statute also empowers the tax officers to check the genuineness of the loan. Tax Debt
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