Do you have buyers worried about what the monthly mortgage would be on a house they haven’t bought yet? What about the insurance payments? RatePlug is here to help.

  • Northern California's largest MLS, MetroList, will now use RatePlug to help clients determine monthly payments.
  • RatePlug is currently available to more than 750,000 real estate agents in the country.
  • The service is provided free to the MLS, but local lenders must pay to have their rates used and advertised on the MLS.

Do you have buyers worried about what the monthly mortgage would be on a house they haven’t bought yet? What about the insurance payments? RatePlug is here to help.

RatePlug's Brad Springer

RatePlug CEO Brad Springer

The technology has already been implemented in various MLSs across the country, but the most recent is MetroList Services, Inc., Northern California’s largest MLS. This implementation affords over 17,000 more real estate agents access to the technology.

The Chicago-based RatePlug also joined MLSListings earlier this year, another Northern California MLS, granting 15,000 agents access to the mortgage technology.

RatePlug’s mortgage technology tracks interest rates from local lenders, but there’s more to it than just mortgage rates.

What does this mean for buyers?

“MetroList agents can now provide homebuyers a clear picture of what they really can afford upfront and as they are viewing a property,” Dave Howe, director of MLS operations at MetroList, said in a statement.

The idea behind the technology is that buyers are able to have a better understanding of what they can actually afford when buying a home. Sure, they can afford a $2,500 per month mortgage, but what about the home insurance? What about taxes? What about interest rates? These are the questions that RatePlug answers in real-time.

One of the advantages is that potential homebuyers spend more time on agent‘s listing pages — around six more minutes than pages without RatePlug information, the company says. And the service is provided free to MetroList agents.

There are fees, though, for local lenders. This group is given the option of paying $59 per month to have their information shared, or they can pay the yearly rate of $435. There is also a one-time $35 set-up fee.

“Most property listing search sites will display lenders the agent has never heard of, much less worked with. RatePlug helps local homebuyer ‘buy local,’ as the agent can select a lender, or lenders, that they work with regularly,” RatePlug CEO Brad Springer said.

RatePlug is currently offered to more than 60 percent of real estate agents in America. This means that nearly 750,000 agents are able to share this valuable information with buyers.

““RatePlug helps provide more transparency to the home buying process when it comes to affordability. And we make this powerful, yet incredibly easy-to-use mortgage technology, free to every MLS,” Springer said.

Email Britt Chester

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription