Does it scan to see if some of the fees I am agreeing to are higher than average? If I am paying for some services that should be no-cost or have no real value?
When I was closing on a house, I called a few friends to help review my mortgage, and we found lots of mistakes. For example, I was getting charged transfer tax, which didn’t make sense for Florida where the seller typically pays that. The deeper I dug, the more I realized how much gray area there is with these documents - what’s negotiable, what’s inflated, what's normal in the property's jurisdiction, and what’s just non-competitive but seems ok since there's a lot of simplified complexity that goes into mortgages and what's an extra 1-3% on a mortgage that's "just going to be refinanced in 6 months" when interest rates go down.