Canadian Maple Leaf Licensing Info: Alberta Mortgage #MW-0511205,
FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
Division of

The Mortgage Group®

Canada | BC | AB | SK | MB | ON | QC | NL | PE | NS | NB | YT | NU | NT

Rimbey Mortgage Information

Average Mortgage Loan in Rimbey: $211,187

Alberta Mortgage Originations Compared to all other Provinces and Territories


Online Mortgage Origination for the Province or Territory of Percentage of Applications
Alberta: 21.07%
British Columbia: 10.40%
Manitoba: 2.00%
New Brunswick: 2.53%
Newfoundland and Labrador: 1.30%
Nova Scotia: 3.29%
Northwest Territories: 0.49%
Nunavut: 0.10%
Ontario: 47.31%
Prince Edward Island: 0.51%
Quebec: 3.94%
Saskatchewan: 5.04%
Yukon: 0.47%

How Rimbey Ranks in Alberta for Mortgage Business

The following table lists how Rimbey 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
57NANTON, AB 0.033%
58MORINVILLE, AB 0.033%
59WESTLOCK, AB 0.033%
60LEGAL, AB 0.033%
61THREE HILLS, AB 0.033%
62RIMBEY, AB 0.031%
63LAC LA BICHE, AB 0.031%
64LANGDON, AB 0.031%
65BANFF, AB 0.029%
66CLARESHOLM, AB 0.029%
67FORT MACLEOD, AB 0.029%

Types of Mortgage Inquiries Received from Rimbey


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 33.3%
Mortgage Pre-approval: 16.7%
No Money Down Mortgage (discontinued): 16.7%
New Home Purchase: 11.1%
Low Doc: 5.6%
First-time Home Buyer: 5.6%
Mortgage Renewal: 5.6%
Equity Mortgage: 5.6%
 
Total Application Types Found: 8

Age Demographics for Rimbey Based Mortgages

Average age: 36
Oldest age: 59
Youngest age: 20


Incomes for Rimbey Based Mortgages

The amounts shown below represent the average income of Canadians living in Rimbey who have applied for a mortgage loan using Mortgage Super Brokers' pre-approval application.

Average annual gross income for
mortgage applicants in Rimbey: $84,407.14
applicants within all of Canada: $60,852.54
Difference: $23,554.60
  
mortgage co-applicants in Rimbey: $41,650.00
co-applicants within all of Canada: $43,965.51
Difference: ($2,315.51)

Since the average income of Rimbey is much higher than our national average, we have included the MEDIAN annual gross income for this location. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.

Median annual gross income for
mortgage applicants in Rimbey: $71,000.00
applicants within all of Canada: $60,852.54
Difference: $10,147.46

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


Last mortgage report update for Rimbey: Friday, July 1, 2016
Mortgage Calculator
 
Mortgage Calculator
How does an adjustment in the size of your down payment change how much you'll end up paying for your new home? The difference can be staggering. Use our mortgage calculator and see how a simple change can save you tens of thousands of dollars.
Mortgage Calculator
 
Mortgage Rates
If you look for a mortgage online, you'll soon see that from one lender, bank, or broker to the next, the rates offered can be substantially different. Some high, some low. Compare the best mortgage rates and make sure your money isn't being wasted.
Mortgage Rates