Lowering your Month-to-Month

Stretching Property Taxes

Prior to taking this concept to the next level we'd like to make sure this idea is of benefit to the community. We're requesting your input for this concept's approval, and thank you for taking the time to complete this survey.

It is no secret that everyone has experienced inflation over the past year. On average families are spending $500 dollars per month more than a year ago. If a family's income did not increase over the past year it may be unable to pay for everyday necessities such as groceries, utilities, gas, etc. To alleviate some of the pressures of inflation we recommend stretching property tax payments over a longer timespan.

Stretching your property tax payments would work in the following manner: a bank (or company) would pay your property taxes now so that you may pay back the amount over a longer duration and lower the amount of your monthly payment. For instance, if you currently pay $500 a month for property taxes you could lower your payment by a few hundred dollars depending on the duration. If this doesn't sound like something for you we'd still appreciate a few minutes of your time to complete this survey to better help those in need. We thank you for your time.

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* 1. Select all that you believe are true if your property taxes are not paid. Note: These responses may differ depending on your county.

10% penalty every six months (for as long as property taxes are unpaid)

The penalty amount continues to grow until property taxes are paid

The county can place a lien against your property

You may not be able to get a new secured loan until property taxes are paid

You may lose your property after not paying property taxes for over 5 years

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* 2. Answer the following based on this hypothetical situation. If your annual property taxes are $6,000 a year (about $500/mo) and you were to get a loan for 2 years, what is the most you would consider paying per month?

$277 per month (10% Annual Interest)

$291 per month (15% Annual Interest)

$305 per month (20% Annual Interest)

$320 per month (25% Annual Interest)

$335 per month (30% Annual Interest)

I don't need a loan I'll just pay the $6,000 in full

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* 3. Answer the following based on this hypothetical situation. If your annual property taxes are $6,000 a year (about $500/mo) and you were to get a loan for 3 years, what is the most you would consider paying per month?

$194 per month (10% Annual Interest)

$208 per month (15% Annual Interest)

$223 per month (20% Annual Interest)

$239 per month (25% Annual Interest)

$255 per month (30% Annual Interest)

I don't need a loan I'll just pay the $6,000 in full

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* 4. Answer the following based on this hypothetical situation. If your annual property taxes are $6,000 a year (about $500/mo) and you were to get a loan for 4 years, what is the most you would consider paying per month?

$152 per month (10% Annual Interest)

$167 per month (15% Annual Interest)

$183 per month (20% Annual Interest)

$199 per month (25% Annual Interest)

$216 per month (30% Annual Interest)

I don't need a loan I'll just pay the $6,000 in full

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* 5. What is the range of your FICO score?

650 or less

651 - 699

700 - 749

750 - 799

800 - 850

I prefer not to disclose

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* 6. What is the range of your annual property taxes?

$2,500 - $4,999

$5,000 - $7,499

$7,500 - $9,999

$10,000 - $15,000

$15,000+

I prefer not to disclose

I'm not a home owner

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* 7. What is your zip-code?

I prefer not to disclose

Enter your zip-code.

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* 8. Are your property taxes included in your monthly mortgage payment?

Yes, they are included

No, they are not included

I'm not a home owner

I'm not sure

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* 9. If your property taxes are included in your monthly mortgage payment would you consider paying for them separately in order to take advantage of stretching your payment? (this would lower the monthly payment)

Yes, I would pay for my property taxes separately in order to stretch my payment and lower my monthly payment

No, I would not pay for my property taxes separately

I'm not a home owner

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* 10. Are you interested in learning more about stretching your property taxes?

No I'm not interested

Yes, I'm interested in learning more. (Please enter your, Name, Phone Number, Email, and what you would like to learn more about).