RatePlug provides homebuyers with live, interactive mortgage payment information based on accurate Interest rates, property taxes, insurance and assessments for each property listing they view. Agents benefit with the following benefits/features:
*Lenders pay a license fee to be displayed
Interactive Rate Calculators in your GLVAR Listings
Turn passive buyers into active buyers with accurate monthly cost-to-own estimates customized with rates and products from your most trusted lenders.
Far too many closings fail due to financing. Protect your time and effort by engaging a trusted lender that uses RatePlug to help you close faster. Unlike typical mortgage payment calculators, RatePlug displays interactive mortgage rates on the MLS display and leverages the full property detail available within the MLS to calculate monthly affordability. This monthly cost to own includes the full PITI, HOA, and other costs based upon multiple financing options. When your home-buyers say “we can afford that” they are more likely to make an offer.
The image to the right shows an example of an interactive mortgage rate calculator embedded in a MLS listing.
How is RatePlug displayed within the MLS?
The screenshot below shows how RatePlug may display within the GLVAR system Matrix. The layout of the property information and location and type of RatePlug displays and links will vary depending on the MLS System that is used to generate the report. This is a live demo. RatePlug shows near the bottom of the page. You can enter the Estimated Sales Price and Down Payment and hit calculate to see RatePlug in action. In addition, A sample report may be available for viewing within Matrix for all GLVAR members. Look for '13-SFR Flyer w/Rate Plug-2' within the property detail report choices to determine if a Sample Report is available. RatePlug may also be displayed in other Customer Reports via a link. See Report with Link Sample.
***This is a sample of a RatePlug display. Rate and mortgage information is for illustration purposes only.