Will Homes Cost More or Less If I Wait to Buy?

These questions are currently the primary dialogue between homebuyers and LO’s. Rates have increased, the market seems to be shifting, and home buyers everywhere are wondering if it’s time to dive in or wait until the market cools off. 

As an LO or LO supervisor, your main priority is to close more loans and help people through the mortgage process. It can be difficult to navigate these prevailing questions and to reassure buyers that there is a cost of waiting if they don’t buy now. 

At MonitorBase, we work closely with MBS highway to provide you with tools that will set your LO’s up for success and generate a tangible analysis of the current market. The “Cost of Waiting” tool will help you reassure your client that it’s time to buy now. 

The “Cost of Waiting” tool on the MBS platform provides an in-depth look into how different your loan will look in the upcoming months if you purchase immediately or hold off for a while. The LO only needs to put the information of the home into the MBS system. The generated report shows a comparison in monthly payments, estimated rate trajectory, monthly appreciation and equity charts, and many more features!

The “Cost of Waiting” analysis tool will break down all the statistics for you in a functional and user-friendly report depicting all the essential information when considering buying or waiting. 

How can origination staff managers incorporate this tool to provide more opportunities for their team?

It’s easy. Data monitoring from MonitorBase and the analysis tools of MBS Highway work together to provide a cost-effective and reliable way to close more loans. Both companies offer training for LO’s to maximize their options and are the perfect resource for increasing business drastically.

What are you waiting for? Watch the video above to see how MonitorBase and MBS Highway can help you secure your originators and close more loans with the “Cost of Waiting” analysis tool!