Identify the true statement:

a.

Loan discount fees help to reduce loan closing costs

b.

Homeowner insurance costs paid in advance by a borrower increase total loan closing costs and drive up the effective rate on a mortgage note

c.

Loan discount points and loan origination fees increase the effective rate of interest assessed to a borrower as reflected on the Truth-in-Lending form.

d.

Payment of one discount point generally lowers the interest rate on a loan by a full percentage.

e.

All of the statements above are false.