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Chapleau Mortgage Information

Average Mortgage Loan in Chapleau: $127,580

How Chapleau Ranks in Ontario for Mortgage Business

The following table lists how Chapleau 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
280SCOTLAND, ON 0.019%
281SEAFORTH, ON 0.019%
282SCHOMBERG, ON 0.019%
283LIMOGES, ON 0.019%
284LIVELY, ON 0.019%
285CHAPLEAU, ON 0.019%
286THORNBURY, ON 0.019%
287SUMMERSTOWN, ON 0.019%
288MANOTICK, ON 0.019%
289NOELVILLE, ON 0.017%
290LOWBANKS, ON 0.017%

Types of Mortgage Inquiries Received from Chapleau


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Pre-approval: 27.3%
Mortgage Renewal: 18.2%
New Home Purchase: 18.2%
Refinance / Debt Consolidation: 18.2%
Second Mortgage: 18.2%
 
Total Application Types Found: 5

Age Demographics for Chapleau Mortgages

Average age: 36
Oldest age: 68
Youngest age: 25


Incomes for Chapleau Mortgages

The amounts shown below represent the average income of people living in Chapleau who have submitted an inquiry using the online application located at the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Chapleau: $96,670.00
applicants within all of Canada: $60,852.54
Difference: $35,817.46
  
mortgage co-applicants in Chapleau: $26,166.67
co-applicants within all of Canada: $43,965.51
Difference: ($17,798.85)

Since the average income of Chapleau is substantially higher than our Canadian 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 Chapleau: $60,000.00
applicants within all of Canada: $60,852.54
Difference: ($852.54)

Note: Commercial Mortgage loans were not included for this report, only residential loans from Chapleau, Ontario were used.

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

Mortgage Product Type Inquiries
First-time Home Buyer19.33%
Refinance/Consolidate Debt19.33%
New Purchase16.00%
Mortgage Pre-approval15.33%
Mortgage Renewal11.33%
No Money Down discontinued10.67%
Other8%
 
Did you know? The average home loan in Fergus is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
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