ClosingWTF

AI Mortgage Tool - Analyze your mortgage to find out if you're getting screwed on junk fees or a bad rate.

Freemium
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Web
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Developer Tools

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What is ClosingWTF?

ClosingWTF is an AI-powered mortgage analysis tool designed to help borrowers understand their loan documents and identify potential problems. It examines your mortgage terms, closing costs, and fees to flag whether you're paying inflated junk fees or accepting an unfavourable interest rate. The tool caters to anyone in the mortgage process, from first-time buyers to those refinancing, who want clarity on whether their deal is competitive. Rather than relying solely on a mortgage broker's assurances, you get an independent AI analysis that highlights discrepancies between market rates and what you've been offered.

Key features

Mortgage document analysis

Upload and analyse your closing disclosure or loan estimate to identify fees and terms

Rate comparison

Checks your quoted interest rate against current market conditions to spot above-market offers

Junk fee detection

Flags unnecessary or inflated closing costs that borrowers commonly overlook

Plain-language explanations

Translates mortgage jargon into straightforward terms explaining what each fee is for

Refinance evaluation

Assesses whether refinancing makes financial sense based on your current loan details

Pros & cons

Advantages

Free analysis available, so you can check your mortgage without paying upfront
Focuses on real, actionable problems rather than generic mortgage advice
Helps borrowers negotiate with lenders by providing data-backed evidence of unfair terms
Reduces the knowledge gap between professional mortgage brokers and individual borrowers

Limitations

Accuracy depends on you providing complete and correct mortgage documents
Cannot guarantee lenders will negotiate or lower fees even if problems are identified
Limited to analysing existing loan offers rather than shopping across multiple lenders