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Show HN: Free mortgage analysis tool to avoid getting screwed by closing costs

closingwtf.com

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Re: Show HN: Free mortgage analysis tool to avoid getting screwed by closing costs

#5
post #2

The privacy and security part is not inspiring confidence. Scrolling to the next section got me thinking "Don't get scammed at closing, get scammed before closing after uploading your mortgage documents to a random website." Cool idea though.

Hey, Aaron the builder here.

The scamming that happens to homebuyers is not even comparable to the risk in uploading docs to a website which promises they won't share user data with anyone. This is genuinely a pro buyer tool with no association with any 3rd party.

The tool has already helped many people negotiate and get a better deal on their mortgage. Please before judging understand that 70% of buyers overpay in their mortgage 1-3% in closing costs and bad rates. It's mind boggling how much lenders get away with profiting in junk fees from stressed out homebuyers.

Re: Show HN: Free mortgage analysis tool to avoid getting screwed by closing costs

#6
I once knew a founder of a pre-GPT-3 AI product that analyzed certain cost-adjacent documents to find "hidden" optimizations. The "AI" was the founder, an expert in that industry, churning through the uploaded documents himself and writing reports by hand detailing potential cost savings. How far we've come!

Re: Show HN: Free mortgage analysis tool to avoid getting screwed by closing costs

#7
post #5
post #2

The privacy and security part is not inspiring confidence. Scrolling to the next section got me thinking "Don't get scammed at closing, get scammed before closing after uploading your mortgage documents to a random website." Cool idea though.

Hey, Aaron the builder here. The scamming that happens to homebuyers is not even comparable to the risk in uploading docs to a website which promises they won't share user data with anyone. This is genuinely a pro buyer tool with no association with any 3rd party. The tool has already helped many people negotiate and get a better deal on their mortgage. Please before judging understand that 70% of buyers overpay in t…

>The scamming that happens to homebuyers is not even comparable to the risk in uploading docs to a website which promises they won't share user data with anyone.

Well as long as you promise, my privacy fears are allayed!

/s

Re: Show HN: Free mortgage analysis tool to avoid getting screwed by closing costs

#9
post #2

The privacy and security part is not inspiring confidence. Scrolling to the next section got me thinking "Don't get scammed at closing, get scammed before closing after uploading your mortgage documents to a random website." Cool idea though.

What sensitive data do you think is on a loan estimate? I've received a dozen over the years and it's literally just your name and the address of the property you want to buy. Both of which are public information if you do purchase the property.

Re: Show HN: Free mortgage analysis tool to avoid getting screwed by closing costs

#10
post #5
post #2

The privacy and security part is not inspiring confidence. Scrolling to the next section got me thinking "Don't get scammed at closing, get scammed before closing after uploading your mortgage documents to a random website." Cool idea though.

Hey, Aaron the builder here. The scamming that happens to homebuyers is not even comparable to the risk in uploading docs to a website which promises they won't share user data with anyone. This is genuinely a pro buyer tool with no association with any 3rd party. The tool has already helped many people negotiate and get a better deal on their mortgage. Please before judging understand that 70% of buyers overpay in t…

Ignore the haters, they will probably never be your customer.
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