5 Steps to Finding a Reputable Property Tax Lender
If you're a Texas property owner who's wisely decided that a low-cost property tax loan is the solution to your stressful, expensive past-due tax problem, choosing a reputable property tax lender is vital. There are a number of property tax lenders to pick from, so how do you find one who's trustworthy? Here are some basic guidelines on what to look for in a lender.
- Ask the lenders you're considering whether they belong to the Texas Property Tax Lienholders Association (TPTLA). Membership in this voluntary organization requires adherence to a strict code of conduct. By choosing a reputable property tax lender who makes this commitment, you're assured that they'll observe the highest ethical standards in their dealings with you, your mortgage company, and your local tax assessor.
- Ask about their standing with the Better Business Bureau (BBB). A reputable property tax lender should have an "A" rating with their local BBB. Since 1912, this non-profit organization has been instrumental in promoting an ethical marketplace and providing consumers with valuable insight into the conduct of the businesses they're considering patronizing. Your chosen lender should have an unblemished complaint history with the BBB.
- Check a lender's reputation with the Office of Consumer Credit Commissioner. This is the state agency that regulates the credit industry in Texas, and its mission is to protect consumers against deceptive or abusive lending practices. A reputable property tax lender should have no history of complaints with the OCCC. You can request a particular lender's history by contacting the Public Information Officer by email, by fax at 512.936.7610, or by mail at 2601 North Lamar Boulevard, Austin TX 78705.
- Ask if their loan officers are licensed through the National Mortgage Licensing System (NMLS). In order to qualify for a license, a loan officer must meet the pre-licensing education requirements, pass a criminal background check, submit to a credit check, pass both national and state components of the S.A.F.E. Mortgage Loan Originators test, and complete yearly continuing education. A reputable property tax lender will ensure that you're protected by insisting that their loan officers are licensed.
- Look for a time-tested, Texas-owned company with a proven track record of outstanding service. Choose a reputable property tax lender who's been in business for a number of years, who can provide you with testimonials from other property owners regarding their professionalism, integrity and high level of service.
Property Tax Funding has been a trusted lender since 2008. Since that time we have helped thousands of Texas property owners with their property tax needs. Property Tax Funding is a member of the TPTLA, holds an A+ rating with the BBB, has no record of complaints with either the BBB or the OCCC, employs only licensed loan officers, and is locally owned and operated. To learn more about our service or to receive a quote, contact us at 877-776-7391.