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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: 0.219s | source
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kojeovo ◴[15 Nov 24 19:03 UTC] No.42149815[source]▶
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.

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aaln ◴[15 Nov 24 19:31 UTC] No.42150061[source]▶
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.

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1. chourobin ◴[15 Nov 24 23:14 UTC] No.42152370[source]▶
Great idea and execution. I understand the privacy concerns, but I believe implementing a client-side redaction step could alleviate some of them. This step would allow users to preview their uploaded content before submitting it. While designing this feature, it’s crucial to ensure user trust and convince them of its benefits. Personally, I would feel more comfortable uploading a PDF knowing that it will be anonymized or redacted before being submitted.