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Balzac Mortgage Information

Average Mortgage Loan in Balzac: $396,666

How Balzac Ranks in Alberta for Mortgage Business

The following table lists how Balzac ranks for mortgage applications sent to our website. The data collected is over a 7-year time frame. A location has to have a minimum of three applications to make the list. To find more information, simply click on a location.

RankLocation Contribution
204WILDWOOD, AB 0.005%
205KEHEWIN, AB 0.005%
206BARNWELL, AB 0.005%
207CROOKED CREEK, AB 0.005%
208STIRLING, AB 0.005%
209BALZAC, AB 0.005%
210LOUGHEED, AB 0.005%
211REDWOOD MEADOWS, AB 0.005%
212FOREMOST, AB 0.005%
213DIAMOND CITY, AB 0.005%
214CARSELAND, AB 0.005%

Types of Mortgage Inquiries Received from Balzac


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 33.3%
Refinance / Debt Consolidation: 33.3%
First-time Home Buyer: 33.3%
 
Total Application Types Found: 3

Age Demographics for Balzac Mortgages

Average age: 50
Oldest age: 61
Youngest age: 34


Incomes for Balzac Mortgages

The figures below represent the average income of Canadians living in Balzac who have applied for a loan using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Balzac: $62,000.00
applicants within all of Canada: $60,852.54
Difference: $1,147.46
  

Note: Commercial Mortgage loans were not included for this survey, only residential loans amounts were used.


Last mortgage report update for Balzac: Friday, July 1, 2016
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An amortization is the amount of time scheduled to completely pay off a loan, and the amortization length you choose is important in shaping how much you'll end up paying for your home. While the Government of Canada's national housing agency caps the amortization period for high-ratio mortgages at 25 years, and that is the most popular amortization length in Canada, amortizations can range anywhere from 5 to 30 years for uninsured mortgages. Try our easy to use mortgage calculator to see how changing the amortization length affects your loan payments.
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