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	Owner Financing
Pay Online Monthly Recurring Payments Pre-Sale Form Purchase/Sale Contract Form Add or Remove a Name Form Update My Contact Info Form Protective Covenants Download Land Plats Syrup Mill Farms Bramlett Farms Siloam Farms Springfield Farms Edwards Farms Eli Knob Farms Bethany Farms Herds Creek Farms Sandy Creek Farms Shady Dale Farms	Getting started with our Owner Financing
	We offer owner financing on all of our properties. This makes it easier to own property without having to deal with banks and mortgage companies. We are giving competitive terms on all of our properties. We have provided several topics below to explain step by step how the process works.
	Two Easy steps to owning property with our Owner Financing 1) The first step in owning property starts with a Purchase and Sale Agreement, both the Purchaser and Seller signs the agreement. At this time we collect your down payment and a $350.00 processing fee. The processing fee is used to prepare your installment note and necessary legal documents 2) The second step, after your Purchase and Sale Agreement, Down Payment and Processing Fee has been received by us, we'll send you the loan documents to be signed. Once you review the documents, you will sign them, and return them to us. After we receive your documents back, the property is yours to enjoy within the limits of the protective covenants provided to you. We do not perform any credit checks nor do we report to any credit bureaus. There are no prepayment penalties in our loan documents. Once the loan has been paid off in full, then we transfer the deed to you.
	Thats it, the property is yours to enjoy!

 

Other Helpful topics

Here are different methods of submitting payments-

We have two easy ways to make your monthly payments and down payments. 1) Payment by check, mailed to us at: Pay My Land Inc., PO Box 2065, Loganville, Georgia, 30052. 2) Pay online here on our website

How are my monthly payments figured?
There are five parts that are used to determine your monthly payments.
The first of the five, the interest rate is a * Fixed Interest Rate of 9.9% The second of the five, the down payment The third of the five, the amount of time the loan is financed is 15 to 30 years The fourth of five, is the loan amount that is financed to you. The loan amount is calculated by subtracting the down payment from your purchase price. Example $39,900 purchase price. $995 Down payment. Equals a loan amount of $38,905. ($39,900 - $995 = $38,905) The final part, the property taxes. We collect 1/12 of the property tax bill from you each month. The local County Tax Office will send us the annual property tax bill for your property each year, and we pay the taxes for you. We only collect monthly from you the amount that we estimate that your taxes will cost at the end of the year. Property taxes are approximately $20 - $40 per month.

 

Property Taxes

Each year, every county in the state reevaluates the fair market value of properties and their millage rates, therefore you can't assume that your property taxes will remain the same year after year. Your real estate property taxes will be prorated on a monthly basis and added to your monthly payments. The monthly payments located on the property detail pages of 5land.com does not include the annual property taxes. The tax bill is sent to the person that is on record at the Court House as of January 1st of every year, therefore, the County will send us the bill at the end of each year. We collect 1/12 of your taxes from you on a monthly basis, therefore, when the taxes becomes due to the County, we pay them. Example $480.55 / 12 = $40.05 per month. This is only an Example, this is not the amount that you will pay per month. Property taxes are approximately $20 - $40 per month. At the end of each year when we receive your tax bill from the County Tax office, if we have not collected enough from you through out the year, you will be expected to pay the short fall. We may adjust your monthly tax payments from time to time to have enough to pay your tax bill at the end of the year

 

Deed to property

After the loan is paid in full, the deed to the property will be transferred to the Purchaser. The Purchaser is responsible for any closing costs that may occur.

 

 

* Fixed Interest Rate - is an interest rate for a loan in which the interest rate does not change during the entire term of the loan, also called fixed interest rate.