We provide in-house financing, meaning we are the lender and you are the borrower.  After we close, you make payments just like if you bought the property using Wells Fargo or a traditional lender.     

Typically, the buyer pays for all the closing costs in an owner financing transaction.  

Yes, your property taxes are escrowed with each monthly payment.  At the end of the year, your property taxes will be paid with your escrow account. If there is a shortage, we will let you know. 

No, there is never a penalty.  Lenders actually do that? lol.  Whenever you are ready to pay off your loan, you will request a Pay Off Statement from the loan servicing company.  There will be a small fee.  Then you pay that amount with no penalty.