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RESIDENTIAL FAQs

Can I pay my loan off early? If so, am I penalized?
Yes you can pay your loan off at any time. There are no prepayment penalties.

Can I be approved for a loan even though I have credit problems? What about bankruptcy?
Loans are approved for applicants with poor credit histories. While prior bankruptcies are not a problem, a pending bankruptcy will prevent approval.

Are loans available for any type of property?
Loans are available for any type of real estate as long as the appraised value is at least $80,000.00 and the property is reasonably maintained. This includes residential, commercial, investment properties and vacant land.

I have several properties. Can you make a loan for all the taxes I owe?
We can make a loan for one or in most cases all of your properties. For your ease and convenience, we will process and close all of your loans simultaneously.

Is Property Tax Solutions licensed by the State of Texas?
All property tax lenders are required to be licensed by the State of Texas, and follow the rules and regulations that regulate this industry. Our company is licensed in Texas and we strictly adhere to all the regulations.

How can I apply for a loan with Property Tax Solutions?
Our application process is quick and easy. To speed up your application, visit our user friendly website at www.ptstexas.com. By applying online your loan could be ready to schedule as early as 48 hours from the receipt of your information or application. If you prefer to apply over the phone, you can contact our friendly and informative staff at 214-306-5500 in the Dallas area or 281-617-2291 in the Houston area or 512-553-4277 in the Austin area or toll-free 1-877-999-9100.

What are the terms of a loan from Property Tax Solutions?
Property Tax Solutions will provide you with any term up to 10 years. This allows you to have the flexibility that you need and the lowest payment possible. In most cases we offer interest only for a portion of the selected loan term.

What is the interest rate on Property Tax Solution loan?
Our rates vary. Please contact us for current loan rates. Our loan calculator located in the “Apply Now” section provides examples of what your monthly payment could be, including all closing costs, for a given loan amount.

How will I make my monthly payments?
All borrowers are required to execute an ACH agreement authorizing direct debit of their checking account. Payments are due on the first of each month. If requested, your payment can be scheduled to be payable on the 15th of each month. Payments through the ACH process allows Property Tax Solutions to process your loan payments efficiently. In the event you choose to designate another bank account as the source for your payments, you must notify Property Tax Solutions immediately, and fill out our new ACH form.

Can I send my payments in directly instead of ACH?
You can send in additional payments to lower your outstanding balance, however your scheduled monthly payment must have a valid ACH agreement in place.

Will my property be foreclosed upon if I am late or miss a payment?
Foreclosure can be initiated when a loan is delinquent. However, it is not the intent of Property Tax Solutions to seize your property. We will put forth every effort to work with you. By law, if the default continues, foreclosure proceedings could be started in order to collect the outstanding debt.

What is the penalty and interest charged by taxing authorities delinquent tax payments?
As of February 1st the following penalty and interest will be added:

On the first of each month: Penalty Interest Total Added for the Month
February 6% 1% 7%
March 7% 2% 9%
April 8% 3% 11%
May 9% 4% 13%
June 10% 5% 15%
July 12% + 20%* 6% 38%
Each month thereafter 1% Additional 1% each month

If you do not pay in full by June 30th of the year in which they become delinquent, you will be referred to the delinquent tax attorney for enforced collection, and you may incur an additional penalty of 15-20% of the total taxes, penalties, and interest due.

 

COMMERCIAL FAQs

Can I pay my loan off early? If so, am I penalized?
Yes 
you can pay your loan off at any time. There are no prepayment penalties.

Are loans available for taxes on personal property?
At the current time, Property Tax Solutions is unable to provide loans to pay personal property taxes or taxes on furniture and fixtures.

Are loans available for any type of property?
Loans are available for any type of real estate as long as the appraised value is at least $80,000.00 and the property is reasonably maintained. This includes residential, commercial, investment properties and vacant land.

I have several properties. Can you make me on loan for all the taxes I owe?
We can make a loan for one or in most cases all of your properties. For your ease and convenience, we will process and close all of your loans simultaneously.

Is Property Tax Solutions licensed by the State of Texas?
All property tax lenders are required to be licensed by the State of Texas, and follow the rules and regulations that regulate this industry. Our company is licensed in Texas and we strictly adhere to all the regulations.

How can I apply for a loan with Property Tax Solutions?
Our application process is quick and easy. To speed up your application and save time, visit our user friendly website at www.ptstexas.com. By applying online your loan could be ready to schedule as early as 48 hours from the receipt of your application. If you prefer to apply over the phone, you can contact our friendly and informative staff at 214-306-5500 in the Dallas area or 281-617-2291 in the Houston area or 512-553-4277 in the Austin area or toll-free 1-877-999-9100.

Can I be approved for a loan even though I have credit problems? What about bankruptcy?
Loans are approved for applicants with poor credit histories. While prior bankruptcies are not a problem, a pending bankruptcy will prevent approval.

What are the terms of a loan from Property Tax Solutions?
Property Tax Solutions will provide you with any term up to 10 years. This allows you to have the flexibility that you need and the lowest payment possible. In most cases we offer interest only for a portion of the selected loan term.

What is the interest rate on Property Tax Solution loan?
Our rates vary. Please contact us for current loan rates. Our loan calculator located in the “Apply Now” section provides examples of what your monthly payment could be for a given loan amount.

How will I make my monthly payments?
All borrowers are required to execute an ACH agreement authorizing direct debit of their checking account. Payments are due on the first of each month. If requested, your payment can be scheduled to be payable on the 15th of each month. Payments through the ACH process allows Property Tax Solutions to process your loan payments effeciently. In the event you choose to designate another bank account as the source for your payments, you must notify Property Tax Solutions immediately, and fill out our new ACH form.

Can I send my payments in directly instead of ACH?
You can send in additional payments to lower your outstanding debt, however your scheduled monthly payment must have a valid ACH agreement in place.

Will my property be foreclosed upon if I am late or miss a payment?
Foreclosure can be initiated when a loan is delinquent. However, it is not the intent of Property Tax Solutions to seize your property. We will put forth every effort to work with you. By law, if the default continues, foreclosure proceedings could be started in order to collect the outstanding debt.

Can I pay my loan off early? If so, am I penalized?
Yes you can pay your loan off at any time, there is no pre-payment penalty.

What is the penalty and interest charged by taxing authorities delinquent tax payments?
As of February 1st the following penalty and interest will be added:

On the first of each month: Penalty Interest Total Added for the Month
February 6% 1% 7%
March 7% 2% 9%
April 8% 3% 11%
May 9% 4% 13%
June 10% 5% 15%
July 12% + 20%* 6% 38%
Each month thereafter 1% Additional 1% each month