The Rate App: the one-of-a-kind app to help you live a one-of-a-kind life
The economy has been stressful lately—and many Americans are feeling that stress. According to a recent poll by the American Psychological Association (APA), nearly 90% of those surveyed admitted to feeling stress caused by the increase in costs.
It’s no surprise; a quick trip over to any news site’s business and financial section will show you stories about rising inflation, the increased risks of a recession, supply chain issues and layoffs throughout many sectors of the economy like tech. No matter how much money is in our bank accounts, we’re all worried about what these indicators might mean for each of us.
That takes a toll on people. Financial stress can harm your health. “Constantly worrying about money could lead to physical symptoms, such as loss of sleep, loss of appetite, stomach pain — all symptoms commonly associated with general anxiety,” Dennis P. Stolle, JD, Ph.D., APA’s senior director of applied psychology told Fortune in August, 2022.
This stress comes because people are worried that they won’t be able to handle whatever life throws their way. But we are doing something about this problem.
Introducing the Rate app
Our latest app is much more than just a tool for managing your financial life. It is a first-of-its-kind wellness app designed to help you reach your goals. The app makes it incredibly simple to apply for a mortgage, a home equity line of credit (HELOC), find insurance coverage and more. But beyond that, it ties together the three essential elements of overall wellness – financial, physical and mental fitness.
The app is available for free to download on the Android and iOS stores, and puts tons of useful information at your fingertips.
Your path to peace of mind
The app is designed to help you gain greater control of your mind and your money. It gives access to financial solutions and loan products whenever you need them. And the fitness and mental health focused videos can help you reduce stress and get healthy.
- Mortgage and Loan Applications: In just a few taps, you can access our award-winning digital mortgage with ease.
- Insurance: Compare and save on insurance policies, ensuring that you get the best coverage at the most competitive rates.
- Debt Management: Find how options like a HELOC or personal loan can help control your debt and fund big purchases.
- Financial Tips: Gain access to expert financial advice and tips to help you make informed financial decisions and more.
- Fitness: Your health matters! Our app provides fitness and wellness tools to help you achieve your goals, from workout classes to nutrition guidance to meditation.
Loaded with educational content
The app is packed full of videos and articles designed to help users take control of their financial and personal health, but the app is also a great way to manage your finances. Users can apply for a range of financial products straight from the app. We are a digital-first financial technology company, so we’ve built a fast, frictionless experience that comes with a satisfaction guarantee.*
In addition, users can learn how to make a successful offer on a house, how home equity lines of credit work, the importance of homeowner’s insurance and much more. This will help them gain the confidence to make important financial decisions, knowing that they understand the terms and are prepared with relevant information.
Financial wellness:
- Helps you save money**
- Planning tools for immediate and long-term needs
- Shares sound financial strategies and educational content
Physical and mental wellness:
But it’s not all just financial tools and inspiration. The app is not just designed to help you reach your financial goals, but also your fitness and personal health goals.
- Inspiration from health and wellness leader Deepak Chopra
- Nutrition advice
- Mindfulness exercises
- Yoga classes taught by renowned instructors
- Workout videos from expert trainers
Committed to the overall well-being of our customers
The Rate app is tearing down the walls that have traditionally boxed in the financial services industry. Financial wellness is a component of overall health and happiness. We are dedicated to our customers’ overall wellness. We believe that the happier, healthier, and more confident they are, the better we’ll do as a society at large.
When financial health is viewed as part of overall health, we believe that a financial institution can provide a life-changing service to our customers. The Rate app is available for free download in the Android and iOS stores.
*Rate's Satisfaction Guarantee (The "Guarantee") provides a refund of the paid application fee to unsatisfied eligible borrowers in the form of a check after closing for those that complete an application between 9/15/22 and 12/31/22. The Guarantee is available for residential, first-lien mortgages on primary or secondary residences. The Guarantee is not available for all residence types or financing options. Eligible borrowers must complete and provide all necessary loan documentation to Rate and must pay any associated application and appraisal fees. Borrower must submit fully executed sales contract including all pages and addendums within three (3) business days of submitting mortgage application. Unsatisfied borrowers must provide written notice of their dissatisfaction to Rate at [email protected] within 30 days of the closing date. Guarantee recipients are responsible for all taxes and fees associated with the receipt of the application fee refund. Contact a tax advisor for tax questions related to payment received from this Guarantee which will be considered miscellaneous income from Rate. Rate may alter or discontinue this Guarantee at any time without notice. Subject to credit and underwriting approval. Rate cannot guarantee that a loan will be approved or that a closing will occur within a specific timeframe. Rate is not responsible for delays caused by force majeure events including COVID and natural disaster. Not available in Iowa or West Virginia. Restrictions apply. Contact Rate or visit https://www.rate.com/terms#100sat for full program details and more information.
**Savings, if any, vary based on the consumer’s credit profile, interest rate availability, and other factors. Contact Rate for current rates. Restrictions apply.