A mortgage loan originator receives partial application information on Monday at 2:00 PM, including the borrower's name, income, and SSN. The property address and estimated value are provided Tuesday at 10:00 AM, and the loan amount is submitted Wednesday at 11:00 AM. When must the Loan Estimate be delivered?

A borrower is comparing two loan offers: Loan A has no points and 4.5% interest rate, Loan B has 2 points and 4.0% interest rate. The loan amount is $400,000. How much will the borrower pay upfront for the points on Loan B?

A lender charges a 1% origination fee on all loans. For a borrower obtaining a $250,000 mortgage, what is the maximum origination fee that can be charged without violating the points and fees test under the ATR/QM rule for a first-lien mortgage?

Under what circumstances can a Qualified Mortgage include a prepayment penalty?

A borrower is considering paying discount points to reduce their interest rate. Each point costs 1% of the loan amount and reduces the rate by 0.25%. On a $300,000 loan, how much would the borrower pay for 2 discount points?

A borrower asks about the difference between discount points and origination fees. What is the most accurate explanation?