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Cowichan Bay Mortgage Information

Average Mortgage Loan in Cowichan Bay: $226,200

How Cowichan Bay Ranks in British Columbia for Mortgage Business

The following table lists how Cowichan Bay 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
133ERRINGTON, BC 0.009%
134HERIOT BAY, BC 0.009%
135SOUTH SLOCAN, BC 0.009%
136ROSEDALE, BC 0.009%
137BRENTWOOD BAY, BC 0.009%
138COWICHAN BAY, BC 0.009%
139DEROCHE, BC 0.009%
140CHRISTINA LAKE, BC 0.009%
141CANYON, BC 0.007%
142GENELLE, BC 0.007%
143DENMAN ISLAND, BC 0.007%

Types of Mortgage Inquiries Received from Cowichan Bay


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 40.0%
First-time Home Buyer: 40.0%
Refinance / Debt Consolidation: 20.0%
 
Total Application Types Found: 3

Age Demographics for Cowichan Bay Based Mortgages

Average age: 43
Oldest age: 67
Youngest age: 27


Incomes for Cowichan Bay Based Mortgages

The amounts below are the average income of people living in Cowichan Bay who have submitted an inquiry using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Cowichan Bay: $61,000.00
applicants within all of Canada: $60,852.54
Difference: $147.46
  

Note: Commercial loan amounts were not included for this report, only residential loans amounts from Cowichan Bay, British Columbia were used.


Last mortgage report update for Cowichan Bay: Friday, July 1, 2016
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Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for clients in Langley.

Mortgage Product Type Inquiries
Mortgage Pre-approval23.85%
Refinance/Consolidate Debt18.46%
New Purchase14.62%
Mortgage Renewal13.08%
First-time Home Buyer11.54%
No Money Down discontinued6.15%
Other12.32%
 
Compare Term Rates Using Our New Mortgage Calculator
The length of your mortgage term is often correlated with your interest rate. By and large, longer terms have higher rates and shorter terms have lower rates. With our mortgage calculator you can try out different mortgage terms and rates in order to see how they will affect the amount of interest you will end up paying in the long term.
New Mortgage Calculator with Rate Comparison