Frequently Asked Questions

LOAN PROGRAMS
APPLICATION PROCESS
LOAN TERMS
REPAYING A TAX EASE LOAN

LOAN PROGRAMS

Are loans available for any type of property?

Tax Ease loans are available for any type of real estate for which property taxes are levied. This includes residential, commercial, investment properties, and land, developed or undeveloped. The property must be reasonably well maintained.

I have several properties. Can you make me one loan for all the taxes I owe?

We would be pleased to lend you the funds to pay all of your property taxes. However, we will need to make a separate loan for each parcel. For your convenience, we will try to process and close all of the loans simultaneously.

May I get a loan for current and delinquent taxes from past years?

Yes! A loan from Tax Ease will instantly pay off both current and delinquent taxes, penalty and interest charges, and any fees charged by a tax authority in connection with a lawsuit filed to collect past due taxes.

Must I have delinquent taxes to apply for a loan from Tax Ease?

No! You may apply for a loan to pay your current property taxes due on January 31.

If I have an existing loan from Tax Ease, may I be approved for another loan for this year's taxes?

Yes! Our loan counselors will be pleased to assist you. Call us at 1-877-TAX-EASE. As long as you are a borrower in good standing and you continue to meet our loan requirements, you may take out a loan for subsequent year taxes.

Are loans available for taxes on personal property?

Tax Ease does not offer loans for the payment of personal property taxes.

Are loans available for federal income taxes or other purposes?

Tax Ease does not offer loans for the payment of federal income taxes or for other purposes. Tax Ease's only business is making loans to pay real property taxes in Texas.

Will the county or taxing authority accept a partial payment or waive or reduce penalties?

To our knowledge, the taxing authorities will not accept a payment less than the full amount due. However, you may wish to inquire on your own. We will confirm the exact amount of your tax obligation before finalizing your loan documents.

Will the county or taxing authority negotiate a payment plan?

Some may. By statute, they cannot accept payments on a payment plan that extends more than thee years. Our loans offers a five year term, so payments will be lower.

APPLICATION PROCESS

How can I apply for a loan from Tax Ease?

Our application process is quick and easy. You can apply by calling our office and speaking with a loan counselor. The process takes only about 15 minutes. You may also submit a pre-application on our website. A loan counselor will call you to complete the application at your convenience.

May I be approved for a loan even though I've had credit problems? What about bankruptcy?

Loans are approved for applicants with a broad range of credit histories. While prior bankruptcies are not a problem, a pending bankruptcy may prevent approval.

What materials are required for the application?

When applying for a loan on your home, please have your social security and driver's license numbers available, as well as mortgage, insurance company and bank information. We will confirm title and obtain credit verification prior to approving your loan.

Commercial applicants should have the above information available, and may be asked to provide Articles of Incorporation, Partnership Agreements, or tax returns as requested. An environmental report may also be required.

What are the application fees?

Tax Ease structures our loan program to keep out-of-pocket expenses to a minimum. An affordable loan processing deposit covers expenses related to the processing of your loan application and the closing of your loan, and is due with your completed application. This fee is $250 for residential loans, and $1,000 for commercial loans. This covers our costs of property inspection, credit check, title review, property inspection and other expenses. The fee for a commercial loan is higher because expenses are greater for these types of loans.

What if my loan application is denied?

You will be refunded any portion of the loan processing deposit paid for expenses not yet incurred in processing your application.

LOAN TERMS

What are the terms of a loan from Tax Ease?

Loans from Tax Ease are repaid over five years in reasonable monthly installments.

What is the interest rate on Tax Ease loans?

Our rates vary. Please contact Tax Ease for current loan rates. The loan calculator on our web site provides an example of what your monthly payment would be for a given loan rate.

What origination fees are charged for Tax Ease loans?

Two points are charged for originating a Tax Ease loan, three points for loans under $10,000. These may be added to the loan amount, involving no additional out of pocket expenses for the borrower.

REPAYING A TAX EASE LOAN

How will I make my monthly payments?

Payments are due at the first of each month. All borrowers execute an ACH agreement authorizing direct debit of their checking account. This is an integral part of our loan approval process.

May I send my payments in directly instead?

No, you must have a valid ACH agreement in place. Payment through the ACH process allows Tax Ease to process your loan payments efficiently. If, after executing your ACH agreement, you choose to designate another bank account as the source for your payments, you must notify Tax Ease immediately. Failure to do so violates the terms of the loan agreement.

Will my property be foreclosed upon if I am late or miss a payment?

Foreclosure can be initiated when a loan is delinquent. This process is codified under Texas state law. Notice of default and an opportunity to cure will be provided, but if the default continues, foreclosure proceedings can be started in order to collect the outstanding debt.

May I prepay my loan?

Yes, you may at any time. There are no pre-payment penalties on residential loans. Commercial loans incur reasonable charges based on the time remaining on the debt.