April 30, 2021
Navigate this Tax Season with the Assistance of Hard Money Lenders
Tax season is officially upon us! Due to the COVID-19 pandemic, the federal government has extended the national filing deadline to May 17th. Unfortunately, if you owe the IRS money, you may not know where to turn. If you’re not able to pay your tax bill on time, there’s simply no telling the penalty fees that you’ll face down the line.
Currently, the IRS offers a number of options to ensure that Americans are able to ultimately pay off their tax-based balances. Full payment agreements provide citizens with roughly 120 days of additional time to pay their outstanding tax bills. Installment agreements, in comparison, allow individuals to engage in monthly payment plans to eliminate their bills. If you would like to sidestep the fees and high interest rates associated with these IRS plans, however, you may choose to apply for a hard money loan.
USE A HARD MONEY LOAN TO PAY YOUR TAXES THIS YEAR.
When you apply for a hard money loan to pay your tax bill, a lender will allow you to pay down the loan, plus interest, over a set period of time. All sorts of Americans choose to go this route once tax season rolls around. Depending on a number of factors, hard money loans may provide a drastically lower interest rate than most IRS payment plans or standard credit cards.
In 2019, the Federal Reserve reported that the average interest rate on a 24-month personal loan from a commercial bank was 10.07%. Interest rates for credit cards, on the other hand, hovered around 15% throughout the same period. As you can imagine, personal loans tend to provide huge savings.
EXPLORE THE ADVANTAGES OF HARD MONEY LOANS
- Borrowers access predictable monthly payments and reasonable interest rates
- These loans are administered in prompt fashion using collateral from the borrower
- Hard money loans generally cost far less than IRS payment plans or credit cards
Contact our Private Money Lenders for Tax-Based Service
If you’re interested in applying for a hard money loan, don’t waste another moment. Simply reach out to one of the certified representatives at Saxe Mortgage Company today! For years, our financial experts have continued to assist both residential and commercial clients throughout the San Francisco, CA region. No matter the specific nature of your tax-based issues, be sure to schedule a preliminary consultation with our hard money lenders.