What must brokers disclose when material facts could affect a borrower's mortgage?

Brokers are required to disclose material facts that may affect a borrower’s rights or interests to ensure transparency and protect the borrower in the mortgage transaction. Material facts relate to significant information that could influence the borrower's decision-making process, such as the condition of the property, loan terms, or any potential risks associated with the mortgage.

Disclosing these facts is essential to maintain ethical standards and fulfill fiduciary duties. It ensures that borrowers are fully informed about aspects that could impact their financial obligations or the feasibility of the loan. This level of transparency promotes trust between brokers and borrowers and helps prevent potential disputes arising from undisclosed information that could have been significant to the borrower’s financial outcomes.

Other options, while they may hold some relevance in various contexts, do not address the core requirement of disclosing material facts that directly relate to the borrower’s rights and interests.