Because Texas does not have state income tax, many of our governmental and service entities are funded through property taxes. Covering the cost of these services means Texas has some of the highest property taxes in the U.S., and annual property taxes can be a little unpredictable, as they’re determined based on the budgets of multiple local governmental agencies. This combination of high rates and fluctuation may make it difficult to budget for annual property tax payments, so many Texas homeowners find themselves struggling each year to cover these costs. Property tax loans are one option to help Houston homeowners avoid delinquent property taxes and the high fees and interest rates charged by the state; however, not all home tax loans are the same. Finding the right lender is key. Below, we’ve outlined some of the basic information you need to find the best Houston property tax lender.
The repayment terms are the first things you need to review before signing on the dotted line to accept your property tax loan. Repayment terms vary, and you should ask your lender the following questions before accepting a loan offer:
- When do you start making payments?
- If you choose to defer payments, does interest accrue before you begin making payments?
- How long do you have to repay the loan?
- Can you repay the loan early without being penalized?
- Is there a grace period if you miss a payment or pay late?
Fees & Interest
The high and late payment fees and interest rates associated with delinquent property tax bills are one of the main reasons why people consider applying for a property tax loan.
However, many home tax loan providers end up charging fees even higher than those you would pay to the state for your late payment. Make sure you read the fine print and ask about all fees, interest, and other charges that will be assessed over the life of the loan. Our property tax loans all have low, fixed-interest rates, no money due at closing, and no penalties for pre-payment.
The way a business is perceived in the community and the ethical practices of its leaders matter. At Home Tax Solutions, we have received numerous awards and recognitions within our industry and the communities we serve. We’re proud of the work we do to help Texans stay in their homes, and we pride ourselves on offering property tax loans with competitive repayment terms and interest rates. But it’s not because we cut corners or engage in bad business. Instead, we have established Home Tax Solutions as a reputable property tax loan originator with a team of professionals who homeowners can trust.
Get Started with Home Tax Solutions
When you’re ready to find out more about working with us for Houston property tax loans, you can complete our simple online form. It takes just a few minutes to complete, and once our loan team receives the form, we’ll be in touch to review the details quickly. We have five locations across the state of Texas, so if you live outside the Greater Houston area, our team is here to help you as well.