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Cobourg Mortgage Information

Average Mortgage Loan in Cobourg: $181,693

Busy Months for Mortgage Inquiries within Cobourg

The bar graph below displays the volumes of Internet applications received by Super Brokers in each month for all years combined. The busiest months for mortgages from Cobourg seem to occur during our first quarter (represented by the brown bars) with 30.38% while our slowest is the fourth quarter (represented by the red bars) with 21.52%.

Busy Months Report for Cobourg Mortgages

Rankings for Busy Mortgage Months

RankMonthPercentage of Applications
1 May: 12.7%
2 July: 11.4%
3 March: 11.4%
4 February: 10.1%
5 October: 10.1%
6 September: 10.1%
RankMonth Percentage of Applications
7 January: 8.9%
8 June: 7.6%
9 December: 6.3%
10 November: 5.1%
11 April: 3.8%
12 August: 2.5%

Busy Days for Applications within Cobourg

The information listed below plots the busy days for Internet applications that were received by the Super Brokers web site. Each day represents a combined total of all occurrences of that day in the past 5 years. In Cobourg the most busy day of the week, with 18.99% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 10.13% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 19.0%
2 Wednesday: 19.0%
3 Tuesday: 13.9%
4 Friday: 13.9%
5 Sunday: 12.7%
6 Thursday: 11.4%
7 Saturday: 10.1%
Busy Days Report for Cobourg Mortgages

Peak Hours for Applicants within Cobourg

In Cobourg, applications are received 24 hours a day from the Super Brokers' web site. The statistics shown below represents the peak hours in the day. The data is taken from all days of all years.


Peak Hours Graph for Mortgages in Cobourg
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 1.3%
2AM 02:00 to 02:59: 1.3%
3AM 03:00 to 03:59: 0%
4AM 04:00 to 04:59: 0%
5AM 05:00 to 05:59: 0%
6AM 06:00 to 06:59: 1.3%
7AM 07:00 to 07:59: 6.3%
8AM 08:00 to 08:59: 6.3%
9AM 09:00 to 09:59: 6.3%
10AM 10:00 to 10:59: 7.6%
11AM 11:00 to 11:59: 7.6%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 2.5%
1PM 13:00 to 13:59: 6.3%
2PM 14:00 to 14:59: 6.3%
3PM 15:00 to 15:59: 7.6%
4PM 16:00 to 16:59: 7.6%
5PM 17:00 to 17:59: 3.8%
6PM 18:00 to 18:59: 6.3%
7PM 19:00 to 19:59: 3.8%
8PM 20:00 to 20:59: 6.3%
9PM 21:00 to 21:59: 6.3%
10PM 22:00 to 22:59: 3.8%
11PM 23:00 to 23:59: 1.3%

Ontario 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 Cobourg Ranks in Ontario for Mortgage Business

The following table lists how Cobourg 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
53KESWICK, ON 0.152%
54BOWMANVILLE, ON 0.149%
55GEORGETOWN, ON 0.149%
56TRENTON, ON 0.147%
57SIMCOE, ON 0.142%
58COBOURG, ON 0.137%
59STRATFORD, ON 0.137%
60DUNDAS, ON 0.137%
61LINDSAY, ON 0.131%
62MAPLE, ON 0.131%
63STRATHROY, ON 0.123%

Types of Mortgage Inquiries Received from Cobourg


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 22.8%
Mortgage Pre-approval: 17.7%
First-time Home Buyer: 16.5%
No Money Down Mortgage (discontinued): 12.7%
New Home Purchase: 12.7%
Mortgage Renewal: 6.3%
Other: 11.5%
 
Total Application Types Found: 12

Age Demographics for Cobourg Mortgages

Average age: 38
Oldest age: 74
Youngest age: 23


Incomes for Cobourg Mortgages

The following figures show the average income of applicants living in Cobourg who have applied for a mortgage loan using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Cobourg: $59,161.79
applicants within all of Canada: $60,852.54
Difference: ($1,690.75)
  
mortgage co-applicants in Cobourg: $31,097.43
co-applicants within all of Canada: $43,965.51
Difference: ($12,868.08)

Note: Commercial Mortgages were not included for this report, only home loans were used.


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

Mortgage Product Type Inquiries
Mortgage Pre-approval23.76%
Refinance/Consolidate Debt16.83%
No Money Down discontinued14.85%
First-time Home Buyer14.85%
Mortgage Renewal10.89%
New Purchase10.89%
Other7.92%
 
Did you know? The average home loan in Goderich is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
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