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Frequently Asked Questions
Texas Tax Loans
A Property Tax Lender
Will I be approved if I have credit problems?
Homestead properties must be done individually. Investment properties can be
Can taxes on multiple properties be consolidated?
Most applicants are approved, even with credit problems. A current bankruptcy
proceeding will disqualify you (prior bankruptcies are acceptable).
What is the loan term?
The standard term is 5-7 years. Longer terms are available.
What are the closing costs?
Closing cost including documentation, processing, and other costs are about $750
and are included in the total amount financed so there is no out of pocket closing
As of February 1st the following penalty and interest will be added:
*Accounts not paid in full by June 30th of the year in which they become delinquent
will be referred to the delinquent tax attorney for enforced collection, and will incur an
additional penalty of 15-20% of the total taxes, penalties, and interest due.
What is the penalty and interest charged by taxing authorities for
delinquent tax payments?
|On the first of each month:
||Total Added for the Month
||12% + 20%*
|Each month thereafter
||Additional 1% each month