Posts Tagged ‘secrets’

8 things to look for in a property tax lender

Published by Research Editor on June 10th, 2013 - in Loans, Taxes

There are many property tax loan lenders in Texas. How do you pick the one that’s right for you? Here are 8 things to look for:

1. Quick turnaround

Usually when you need a loan, you need one as quickly as possible–the sooner you get the loan, the less interest and fees get piled up. Find a lender that promises a quick approval process.

2. No Upfront Costs and Fees

One of the benefits of a property tax loan is avoiding fees. Don’t accept a lender who will saddle you with more fees than the government would.

3. Convenient Closing

Do you have to travel across the state to sign closing papers? Or will the lender come to your home or office?

4. Online Account Information

Can you access your account information online? Is it convenient? And secure?

5. No Prepayment Penalties

If you choose to pay off your loan early, will your lender penalize you with extra fees?

6. Protecting You from Third Parties

Will your lender sell or give your private information to third parties?

7. How Foreclosure Is Handled

Foreclosure is a difficult prospect. After all, one of the reasons you want a proprety tax loan is to avoid foreclosure, isn’t it?

The problem is, if a lender promises they never foreclose, there’s a problem: if you become delinquent, the lender who never forecloses is going to sell your loan to someone else, who will foreclose on you, instead of helping you.

8. Outsourcing

Most loans you get will never be touched again by your lender. If they don’t immediately sell the loan, many hire another company to service the loans. And whoever services the loan is the company you’ll spend the most time dealing with.

So if the lender’s bedside manner or courtesy is important to you, make sure they’re not going to outsource their servicing.

 

We think we can provide you with the best property tax loan experience, but whether you choose us or someone else for your needs, choose wisely.

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3 secrets the property tax lending industry doesn’t want you to know

Published by Research Editor on January 29th, 2013 - in Loans

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Credit checks

Property tax lenders usually don’t submit you to credit checks. This isn’t a sales gimmick. It’s because your loan is 100% equity secured. So if you stop paying off the loan, you can lose your house. Credit is irrelevant when your home is on the line.

Foreclosure

“We never foreclose!” If you hear that from a property tax lender, run fast.

Generally, when lenders claim they never foreclose, it’s because they sell your loan instead. And then someone else will foreclose on your home.

This also means that, if you become delinquent, that lender is more likely to sell your loan than try to help you through your difficult times.

Instead, look for a lender who is willing to work with you if times get tough.

Outsourcing

Most loans you get will never be touched again by the company who gave you the loan. If they don’t immediately sell the loan, they, at least, hire another company to service the loans. And whoever services the loan is the company you’ll spend the most time dealing with.

So if the lender’s bedside manner or courtesy is important to you, make sure they’re not going to outsource their servicing.

Are you looking for a property tax loan? Texas Property Tax Loans services their own loans and works with their customers–especially during hard times.

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