OTTAWA, ONTARIO--(Marketwired - Nov 6, 2013) - Mortgage Brokers City, a leading Canadian mortgage brokerage firm, has updated their popular mobile mortgage app to include a mortgage comparison tool. The app, which offers access to current mortgage rates from Mortgage Brokers City, was developed to help Canadian home buyers gain easy, on-the-go access to live rates, mortgage calculators and professional mortgage advice. The new mortgage comparison feature allows users to quickly and easily see the difference a larger down payment, a different mortgage rate or a different amortization will make to their mortgage payments. The app is available across all mobile platforms (Blackberry, including BB10, iPhone and Android) and developers are currently working on a version for the iPad.
Sheri Creese, Vice President of Sales and Service for Mortgage Brokers City said, "This app gives instant answers to the two questions we get most often from our clients; "How much will my payments be and how much will it cost up front, including my down payment? We offer a full picture of the costs associated with purchasing a home, including costs many people may not budget for, like closing costs of PST on default insurance (commonly referred to as CMHC)." These features, combined with the new mortgage comparison tool, allow clients to compare two different terms and compare not only the difference in the payments, but the total interest over the term of the mortgage.
"One of the most common questions we see from clients in today's rate environment is the value of fixed versus variable mortgage rates," Creese continues. "Our app allows our clients to see this difference at the touch of a button. In addition to the cost difference, there are benefits to both fixed and variable rates, and we encourage Canadian home buyers and home owners seeking financing to contact a mortgage professional to discuss their options." For those with additional questions, each app screen is equipped with a "Contact Us" button, linking users directly to one of several experienced Mortgage Brokers City representatives.
The value of a mortgage calculator app lies in the quality of the information it provides, which sets Mortgage Brokers City's app apart from others of its kind. The app includes rates pulled straight from the Mortgage Brokers City website in real-time, giving users a true sense of the cost involved in owning their dream home. "One of the main things that sets our app apart is that it's dynamic, it evolves over time," says Creese. "A client will be able to open our app two years from now and still have access to our live, up-to-the-minute mortgage rates."
To download any version of the free Mortgage Brokers City app, visit http://mortgagebrokers.ca/mortgage-calculators/download-our-mobile-app/ or click on the appropriate link below:
Mortgage Brokers City App for Blackberry: http://tinyurl.com/9slmex7
Mortgage Brokers City App for iPhone: http://tinyurl.com/8w3orpe
Mortgage Brokers City App for Android: http://tinyurl.com/kedrr9m
About Mortgage Brokers City
Mortgage Brokers City was first established in 2005 by Michael Hapke and Frank Napolitano. In 2008 they merged with another experienced and successful team of York Polk and Jeff Cody. With more than 20 years each of extensive banking experience, they set out to become one of Canada's leading brokerage firms. Today Mortgage Brokers City is one of the largest brokerages in Canada offering its customers mortgage advice, competitive mortgage rates & flexible mortgage options through its trusted lending partners.
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VP Sales and Service