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mhashemi

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Show HN: I built a dashboard to compare mortgage rates across 120 credit unions

finfam.app
393 points·by mhashemi·قبل 7 أشهر·129 comments

Product Hunt is dead

sedimental.org
325 points·by mhashemi·قبل 10 أشهر·115 comments

Show HN: I built an app store for open-source financial plans (on spreadsheets)

finfam.app
52 points·by mhashemi·قبل 10 أشهر·14 comments

comments

mhashemi
·قبل 7 أشهر·discuss
This kind existed for a while in the USA. Current admin turned off the data stream: https://www.consumerfinance.gov/owning-a-home/explore-rates/
mhashemi
·قبل 7 أشهر·discuss
I'd say the exact rate as displayed might not matter as such. It's more a discovery tool for folks to find a competitive CU that they're eligible for. If the CU looks good for one type of rate, it's probably worth exploring for others.
mhashemi
·قبل 7 أشهر·discuss
Real talk, it's so hard to find TOTP 2FA in banking.
mhashemi
·قبل 7 أشهر·discuss
Yeah, it's partially automated. It doesn't use firecrawler or any other services (other than Render for hosting).
mhashemi
·قبل 7 أشهر·discuss
That's actually where I started! Majority (but not all) of the institutions present on the dashboard are from the CUMA :) I don't technically crawl that portal, but their robots.txt certainly seems to encourage it. Great resource.
mhashemi
·قبل 7 أشهر·discuss
Definitely. Unlikely that anyone starting here will get exactly the estimated monthly payment, especially as it takes time to lock in a rate and rates can change daily. What it does do is only use APRs to give as much of an apples-to-apples comparison as can be had. Click any entry in the table to go through to the CU's site, which usually has some means of getting a more accurate rate and/or quote.
mhashemi
·قبل 7 أشهر·discuss
Those are just some medians I either Googled or LLM'd to act as defaults. You can click that sentence and change all those values to estimate.
mhashemi
·قبل 7 أشهر·discuss
Love a public rates page. Added to my list for tomorrow.
mhashemi
·قبل 7 أشهر·discuss
Thanks, and thanks for the heads up! Feel free to shoot me a screenshot/more browser details if you don't mind: [email protected]

The data table is based on https://svelte-headless-table.bryanmylee.com/
mhashemi
·قبل 7 أشهر·discuss
It's more manual than you might think! Sent a message to the email in your profile with more details :)
mhashemi
·قبل 7 أشهر·discuss
If you'd like, I'd be happy to add that CU to the roster. Hoping to do more to make the full range of market options more mainstream.
mhashemi
·قبل 7 أشهر·discuss
Oh snap! I was just looking at originationdata.com this week! So awesome. I had originally hoped HMDA data was more than annual, but no luck. It's also a shame that the current admin turned off the data stream here: https://www.consumerfinance.gov/owning-a-home/explore-rates/

I thought maybe you'd been hit by that update, but even more bummed to hear Google enshittification struck again.
mhashemi
·قبل 7 أشهر·discuss
The more the merrier, but as far as I can tell, there are no public rates listed on the CommunityAmerica CU site. All behind a "get in touch" interact: https://www.communityamerica.com/personal/borrow/resources/m...
mhashemi
·قبل 7 أشهر·discuss
Yes, extremely, especially for confirming loans: https://singlefamily.fanniemae.com/originating-underwriting/...

Patrick McKenzie (https://news.ycombinator.com/user?id=patio11) has a great deep dive on this: https://www.bitsaboutmoney.com/archive/mortgages-are-a-manuf...

Closing/switching costs are certainly a consideration still, but the "Truth in Lending Act" (TILA) made it easier to compare the all-in cost by providing a standardized APR number, which is what the dashboard focuses on.
mhashemi
·قبل 7 أشهر·discuss
Haha, my uncreative username betrays me once again. Small world! Congrats on founding to you, too!
mhashemi
·قبل 7 أشهر·discuss
Yeah, there's a somewhat wide variance in CUs, in terms of rates, quality of service, etc. I called a few just to spot check and these public rates are supposedly about as good as they can do. From what I gather, even the large CUs (like Transportation FCU) just don't have that sophisticated of an operating model.
mhashemi
·قبل 7 أشهر·discuss
Thanks! Re: DSCRs, point me to the data!
mhashemi
·قبل 7 أشهر·discuss
Pushing a fix to this now. Assuming we're seeing the same thing: clicking the checkbox doesn't work, but clicking the label should. Should be right as rain shortly. Thanks!
mhashemi
·قبل 7 أشهر·discuss
Haha, wait until you hear about our fancy 50-year mortgages we'll be getting any day now!

But seriously, my favorite discovery when researching CU mortgages is the prevalence of the 15/15 ARM. It's fixed for 15 years, and then adjusts once. Most people refinance within 7 years, or move within 12. So it's like a 30Y fixed, but comes in at 20 basis points cheaper (0.2% lower APR).
mhashemi
·قبل 10 أشهر·discuss
If that's the future you're waiting for, you'll be waiting for a while. Better to get back in control now ;)