Mortgage Disclosure refers to the process of providing important information about a mortgage loan to potential borrowers. This includes details about the loan terms, interest rates, and any associated fees. The goal is to ensure that borrowers understand the financial commitment they are making before signing any agreements. The Truth in Lending Act requires lenders to present this information clearly and concisely. By reviewing the Loan Estimate and Closing Disclosure documents, borrowers can compare different loan offers and make informed decisions about their mortgage options. This transparency helps protect consumers from unexpected costs and promotes responsible borrowing.