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Offer Letter Mortgage
1. Lender Details: Full name and contact information of the mortgage credit institution
2. Borrower Details: Full name, address, and identification details of the borrower(s)
3. Property Details: Complete address and cadastral information of the property being mortgaged
4. Loan Summary: Key loan terms including amount, interest rate, loan period, and loan-to-value ratio
5. Interest Rate Information: Detailed information about the interest rate, whether fixed or variable, and terms for rate changes
6. Repayment Terms: Monthly payment amount, payment schedule, and total cost of credit
7. Fees and Charges: All applicable fees including establishment fees, administration fees, and other charges
8. Key Conditions: Essential conditions that must be met before the mortgage can be established
9. Validity Period: How long the offer remains valid and what happens after expiration
10. Acceptance Process: Steps required to accept the offer and proceed with the mortgage
1. Early Repayment Terms: Terms for early repayment if different from standard conditions, used when special early repayment options are offered
2. Interest-Only Period: Details of any interest-only period if applicable to the specific mortgage offer
3. Government Scheme Information: Information about applicable government schemes or subsidies, included if the borrower qualifies for specific programs
4. Foreign Currency Information: Special terms for mortgages in foreign currencies, included only for foreign currency loans
5. Construction Loan Terms: Specific terms for construction or renovation financing, included only for construction mortgages
1. Schedule A - Detailed Loan Calculations: Comprehensive breakdown of loan calculations including amortization schedule
2. Schedule B - Property Valuation Report: Summary of the official property valuation
3. Schedule C - Fee Schedule: Detailed breakdown of all fees and charges
4. Appendix 1 - General Terms and Conditions: Standard terms and conditions of the mortgage credit institution
5. Appendix 2 - Insurance Requirements: Detailed requirements for property insurance and other mandatory insurance
6. Appendix 3 - Interest Rate Sheet: Current interest rates and conditions for different mortgage products
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