Is there a penalty if I pay off the loan early?

No. There is absolutely no penalty. You may pay off the loan at any time!

How will I make my payments to Texas Royalty Loans?

Your loan payments will be directly sent to Texas Royalty Loans from the producing well operator. Your monthly royalty income payment represents your monthly loan payment. We will release all liens associated with your loan when the balance is paid in full.

Who pays my ad valorem taxes on my royalty during the term of my loan?

Texas Royalty Loans will pay the ad valorem taxes each January during the term of your loan. The ad valorem taxes are paid by Texas Royalty Loans on your behalf and are reimbursed from the monthly royalty check.

How soon will I start receiving my royalty income again?

Once your loan is paid in full, Texas Royalty Loans will re-direct the royalty payments back to you.

What type of loan will I have and what will be the interest rate?

Your Texas Royalty Loan is a collateral loan that is secured by your mineral ownership interest; the interest charge is generally calculated on a monthly basis and determined by the average daily balance of your loan amount. Interest rates are usually 10%, but can vary due to the rate environment.

What determines the amount of loan I can receive?

Your loan amount will be determined primarily by two factors: the quality of the producing well and the amount of your monthly royalty payment.

Is there a minimum loan amount?

Yes. The minimum loan amount is $15,000, and to be eligible for a loan, your monthly royalty check from the production company should be a minimum of $500.

What are the terms of a Texas Royalty Loan and how are my payments calculated?

Loan terms generally range from five to seven years, and your loan payments will be calculated based on your monthly royalty check.

What personal information does Texas Royalty Loans need to process my loan application?

A copy of the two most recent monthly royalty check stubs or statements will start the process.

Can I still qualify for a Texas Royalty Loan if I have a low credit score or poor credit history?

Your producing mineral interest is your credit, and we do not factor your personal credit standing in our loan approval process.

Will I have any personal liability associated with the loan?

No. You have no personal liability with a Texas Royalty Loan.

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