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

Post by zie » Sat, Nov 16, 2024, 2:25 PM UTC

davchana wrote: post #116

zie wrote: post #80

Earlier quoted context omitted.

Wire Transfers are not undoable and instant, much like Zelle. So I always recommend people send $10 first, and confirm everything works, before sending real money. When doing the confirmation, try using a different channel of communication, to ensure you are getting the right person. i.e. call them directly from known good phone numbers or something. Yes many banks charge $30 or more for a wire transfer, but I'd rath…

Is it too paranoid that even for first time Zelle (with people I know in real life) I send a $ and ask them to see if they received it, before sending anything else?

Post by JumpCrisscross » Sat, Nov 16, 2024, 2:38 PM UTC

ryandrake wrote: post #85

gsharma wrote: post #75

Earlier quoted context omitted.

The deal isn’t always about the price. For example, a $1M house bought with $100K down and $900K mortgage is a worse deal for the seller as compared to $500K down and $500K financed. Assumption here is that it is more likely to get a $500K loan irrespective of the appraised value of the house. A lower all cash offer (say $975K) is likely a better offer for the seller because it reduces the risk for them and closes th…

As a home buyer, I've been beaten many times by an all-cash offer that was significantly lower than my financed offer. For example, a $450K all-cash offer where they'd close in 7 days beat my $525K 80/20 offer where it would have taken me 25+ days to close.

Post by paulcole » Sat, Nov 16, 2024, 2:59 PM UTC

aaln wrote: post #32

WaitWaitWha wrote: post #17

Earlier quoted context omitted.

Allow me to expound on @kojeovo's remark. Please take this as a constructive criticism to improve your success potential. Much of it is from a quick glance, and am sure there are many other facets to improve. A business is not just about the product. Your Privacy Policy. There is no default way to download it (see 9.), and since it is window-ed cannot print entire doc. That means I cannot keep a copy of it for myself…

Thanks for the constructive feedback. I just added a way to easily download the entire privacy policy and terms of service, also quickly added an about page with some info about me - https://closing.wtf/about Eventually I'm going to get a certification and will keep your other points in mind.

Post by fredgrott » Sat, Nov 16, 2024, 3:20 PM UTC

Post by telgareith » Sat, Nov 16, 2024, 3:43 PM UTC

nijave wrote: post #105

SoftTalker wrote: post #50

Earlier quoted context omitted.

I have never done a wire transfer at a residential closing. I come to the closing at the title company office with a cashier's check from my bank for the amount they told me to bring.

Cashier's check was only accepted for amounts less than $10k at our closing by our title company. This seems common to require wire. The title company contracted with a 3rd party escrow service so the money was required into the title company's account at the escrow service. I assume a cashier's check would need to be mailed to the escrow company