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

(closingwtf.com)
273 points aaln | 1 comments | 15 Nov 24 17:38 UTC | HN request time: 0.214s | source
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SamuelAdams ◴[15 Nov 24 21:48 UTC] No.42151547[source]▶
This seems odd. If you need certain fees and line items explained to you, why not ask your lender? Surely you have a loan officer that can explain every item and why it is there.

If you don’t like some of the costs, go with another lender, or negotiate those with your loan officer.

I’m not sure what this tool is offering that individuals don’t already have.

replies(3): >>42151567 #>>42151662 #>>42151678 #
1. a_w_king ◴[15 Nov 24 22:02 UTC] No.42151678[source]▶
A set of mortgage documents can have over 100 pages and include 20+ fees. It can be difficult for a borrower/homebuyer to understand all these fees, and most have no idea if they're competitive. Loan officers or brokers aren't incentivized to get you the lowest rates on every line item. Sounds like this tool helps you understand if you're being overcharged.