TORONTO, ONTARIO--(Marketwire - April 5, 2011) - Just in time for the spring home buying season,, Canada's go-to rate comparison website for personal finance products, has announced the launch of their Mortgage Rate Comparison app for the iPhone.

"Canadians are mobile savvy; these days consumers are using their phones for everything from banking to checking stock prices, now they can add mortgage rate shopping to the list," says Kelvin Mangaroo, President of "When you're on the road house hunting or visiting an open house, this handy app is the only tool you'll need to help with your mortgage."

The Mortgage Rate Comparison app allows users to compare mortgage rates offered by banks, brokers and credit unions. If the user wants more information about a specific rate they can easily complete a call back request. Other features include a mortgage calculator and a renewal reminder, where users can enter the date their existing mortgage is up for renewal and receive an automatic email notification with details about the best mortgage rates available at that time. The app is free to download from the Apple App Store and all rates are updated daily with the latest offers.

Mortgage shoppers can also visit to download the app and provide feedback for future releases:

"We're excited to launch the first Canadian Mortgage Rate Comparison app and enable consumers to easily compare the mortgage market when they're away from their computers. This is just the beginning of our mobile journey," added Mangaroo. 

About ( is the largest independent rate comparison service for personal finance products in Canada. Founded in May of 2008, their easy to use comparison engine provides much needed transparency to the Canadian financial market and allows visitors to quickly find the best rates. Over 1M Canadians have turned to to save money on their mortgage, insurance, credit cards and GICs.

Contact Information:
Kelvin Mangaroo
Cell: 416-844-2931