What must licensed mortgage professionals provide to their clients?

Licensed mortgage professionals are required to provide complete loan disclosures to their clients as part of their commitment to transparency and compliance with legal regulations. These disclosures include important information about the terms of the loan, such as the interest rate, payment schedule, and closing costs.

The objective of these disclosures is to ensure that borrowers fully understand the financial obligation they are entering into. Providing comprehensive loan disclosures protects clients by helping them make informed decisions and ensuring they are aware of their rights and responsibilities throughout the mortgage process.

The other options do not meet the same legal or ethical standards. For instance, interest rate forecasts may be helpful but are not required disclosures. Secret agreements would breach trust and ethical guidelines, while discount offers, although potentially advantageous, do not equate to the necessary formal disclosures mandated by regulations.