Mortgage Buydown Agreement Template for India

1. Third-Party Contributor Provisions: Required when a third party (such as a builder or seller) is contributing to the buydown funds

2. Early Termination: Included when parties want to specify conditions and processes for early termination of the buydown arrangement

3. Refinancing Provisions: Needed when the agreement needs to address the possibility of refinancing during the buydown period

4. Property Sale Provisions: Required when the agreement needs to address what happens to the buydown arrangement if the property is sold

5. Insurance Requirements: Included when specific insurance requirements are tied to the buydown arrangement

6. Assignment and Transfer: Required when the agreement needs to address the possibility of assignment or transfer of rights

1. Schedule A - Interest Rate Schedule: Detailed schedule showing the interest rate adjustments throughout the buydown period

2. Schedule B - Payment Schedule: Comprehensive payment schedule showing monthly payments during and after the buydown period

3. Schedule C - Buydown Funds Calculation: Detailed calculation of the total buydown funds required and their allocation

4. Schedule D - Property Details: Description and details of the mortgaged property

5. Appendix 1 - Required Notices: Standard forms for notices required under the agreement

6. Appendix 2 - Compliance Certificate: Template for periodic compliance certification if required by the lender