Insurance rate comparison website Kanetix expands mortgage-related services

Online insurance marketplace Kanetix, known for comparing auto and property insurance rates, has expanded its mortgage rate comparison services to allow Ontario consumers to lock in rates and get pre-approved online.

The company has partnered with credit reporting agency Equifax, as well as Invis-Mortgage Intelligence, which has a wide network of lenders in Canada for its updated service.

Consumers in Ontario will be able to lock in a rate and be pre-approved, after which they’ll receive a pre-approval certificate confirming the rate secured, Kanetix explained in a news release.

“Consumers will have the option to complete the mortgage pre-approval process online or, after comparing rates at Kanetix.ca, can call in to connect with a licensed mortgage broker, ask any questions they may have and secure their rate over the phone,” the release noted.