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Loans to Pay Tax Liens
As Ben Franklin so aptly put it, there are only two unavoidable things, “death and taxes”. If you’re faced with the uncomfortable position of owing income or property taxes and not having the funds to pay those taxes you should strongly consider a tax loan secured by your residential real estate.
Because of the 80% LTV limitation on home equity loans in Texas many lenders will not provide financing exceeding 80% of the value of your home to pay income or property taxes. AmeriFund will lend up to 95% of the value of qualified borrower’s primary residence to pay either income taxes (for which tax liens have been filed) or property taxes.
These loans are underwritten and priced in the same manner as a standard rate and term refinance.