Always know When You can refinance Your Loan
We monitor your loans for opportunities to refinance and guide you through evaluating your optionsCreate Account
HOW IT WORKS
Always know when you can Refinance Your Loan
We never share your data with lenders
until you request real offers!
No spam emails or robo-calls from lenders
Manage The Entire Refinancing Process In One Place
We alert you to refinancing opportunities
You never have to worry about keeping up with current rates because we do it for you
Request and compare offers from multiple lenders
View actual offers from banks to compare rates and all additional charges in one place
Ask us for help evaluating your options
We're here to review your refi offers and help you decide which one makes the most sense for you
All The Information And Tools You Need To Assess Your Existing Loan
We provide you with real time updates when they arise so that you never have to wonder if you should refinance your loan
24/7 monitoring and alerts
We monitor your loans 24/7 for refinancing options and alert you via email and/or text.
Speak with one of our advisors anytime to discuss refinancing options.
Track multiple loans
Track multiple student, home and auto loans all in one place.
Lower rates and lower payments
We let you know if there is an opportunity to refinance with A) a lower rate or B) a lower monthly payment.
You don't have to share your name, or your SSN to start monitoring your loans.
Set it and
Rest easy knowing we're keeping an eye on your opportunities to refinance your loans.
81% of Borrowers Will Never Refinance
We're always monitoring your loans for opportunities to refinanceGet Started
Hear From The Borrowers Who
Los Angeles, CA
Once I was notified that refinancing at a lower rate was possible, MonitorMyRefi showed me REAL rates from each lender.
Knowing that MonitorMyRefi doesn't "sell" me data and is working on my side is really comforting. It was great just working with one company throughout the process.
San Antonio, TX
I never have to wonder if I should be refinancing my loans because MonitorMyRefi is keeping track for me.
Why do I need MonitorMyRefi?
If you have a loan, you are probably familiar with searching online to compare the interest rate you have versus current rates offered by Lenders.
What if you don’t check rates when interest rates are low?
What if there is a lender you’re missing?
What if you never check interest rates at all?
Most borrowers know that they should check interest rates regularly, but the facts are that they don’t. Many struggle to understand how much they will save, whether the timing is right, or what the impact of refinancing will have on their personal finances. MonitorMyRefi is here to answer all of these questions, while taking on the responsibility of continuously checking for lower rates and better opportunities.
How is MonitorMyRefi free?
We make money the same way that other online lending marketplaces make money. That is by collecting a fee from a Lender after we show our customer the Lenders offer. That is the only way we generate revenue.
The difference between MonitorMyRefi and other online lending marketplaces is that you only have to enter your loan details once. After that, we provide ongoing monitoring of interest rates and searching for opportunities to lower your monthly payment.
Other lending marketplaces have designed their customer experience around requiring customers to enter the details of their loans as frequently as possible. This way, they get to sell your lead multiple times. The problem is that this approach requires borrowers to come back to the site many times to check rates themselves.
This approach is why other marketplaces send you an endless number of emails with unrealistic teaser rates, even when they know the rate you’ll likely receive will not result in a great refinancing opportunity for you. Their goal is for you to enter in your personal details so they can sell your lead, not to find you a great refinancing opportunity.
How do you share my personal details with lenders?
We only share the details of your loans after YOU have authorized us to do so. The process of us sharing your details with lenders starts after we have sent you a message notifying you of an opportunity to refinance your loan and you have indicated to us that you would like to receive real offers from lenders.
We never share your loan details until you request that you do so. We are so focused on maintaining your privacy, that we even allow you to remain anonymous on the platform until you have indicated to us that you want to receive real offers. At that point, you must add details (such as your name) because lenders need this information to validate the offer that they are sending you.
Will my new loan be with MonitorMyRefi or directly with lenders?
You will always refinance your loan directly with the Lender of your choosing. All the documentation will be executed between you and the Lender. All immediate and future payments will be processed directly with the Lender.
MonitorMyRefiis not a bank, and does not underwrite or originate any loans.
Can MonitorMyRefi estimate my closing costs?
MonitorMyRefi does not charge you for using its services. Each Lender you are matched with determines their own policy regarding closing costs. Unfortunately, we are unable to determine the amount of closing costs or out-of-pocket closing expenses. If we are able to match your request with a Lender, you may discuss your specific situation with them once you are in contact.
How well do I have to understand loan refinancing before signing up with MonitorMyRefi?
MonitorMyRefi was built to support the 80% of borrowers that have never refinanced their loans! That's why we've built a simple tool that simplifies the process for you by taking the responsibility of discovering refinancing opportunities off of your shoulders.
Our philosophy is; why should borrowers worry about how to refinancing a loan before they even know that they have a good opportunity to do it? Imagine learning every step of the process and then finding out that you won't receive any good offers because current market rates are higher than your existing rate.
You'll notice that we don't show you today's rates or offers from lenders and that is because it can be confusing to borrowers who aren't familiar with the refinancing process. You can let us handle that part, and then we'll support you in requesting offers from lenders and understanding how to assess those options.
When talking with our customers, we've identified 3 categories of borrowers:
a) Borrowers that don't think about refinancing their loans at all (even though they should)
b) Borrowers that aren't confident that they can adequately assess the offers they receive from lenders, or
c) Borrowers that don't trust the lenders to properly support them through the process
If you fall into any of those categories, then you're ready to sign up with MonitorMyRefi!
How does refinancing a loan actually work?
While the process may sound complicated, it's actually very simple.
Refinancing a loan simply involves taking out a new loan to pay off your original loan. Once your new lender pays off the old lender, your original loan is terminated and you have a new loan with the new lender. Generally, you will have lower monthly payments and/or a new loan term with the new lender.
The specifics around exactly how much money the new lender needs to pay off the old lender happen later in the process and are easily gathered from your existing bank. No need to worry about this until you know you have an opportunity to refinance your loan anyway.
MonitorMyRefi will be able to walk you through all of these steps once we identify an opportunity for you to refinance your loan.
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