Which must lenders disclose if the interest rate will not increase before the commitment expires?

Lenders are required to disclose various details about the terms of the loan to ensure transparency and protect borrowers. When it comes to the interest rate not increasing before the commitment expires, it is critical for lenders to disclose the finance charge. The finance charge represents the total cost of borrowing, including interest and any additional fees, and it gives the borrower a clear understanding of the total repayment amount associated with the loan. This transparency helps borrowers make informed decisions about their mortgage options.

In contrast, while details like the borrower's credit score and the terms of the mortgage agreement may be relevant to the borrowing process, they do not specifically address the requirement to disclose information about the interest rate during the commitment period. The lender's operating hours are not directly related to the terms of the mortgage or the implications of interest rate fluctuations, and hence do not fall under the disclosure requirement in this context.