Chicago-based mortgage lender Rate has entered into a partnership to offer mortgage incentives to customers of wealth and savings platform Betterment, the companies announced Tuesday.

Under the arrangement, Betterment customers with at least $100,000 in combined investment and cash balances who apply for a mortgage through Rate may qualify for discounted interest rates and closing-cost credits.

“By working with Betterment, we are rewarding their qualified customers with discounted mortgage pricing via the most straightforward and transparent lending platform and experience in the industry,” Rate CEO Victor Ciardelli said in a statement.

Betterment said the details ⇒

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