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

Colborne Mortgage Information

Average Mortgage Loan in Colborne: $167,183

How Colborne Ranks in Ontario for Mortgage Business

The following table lists how Colborne 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
221MATTAWA, ON 0.024%
222KING CITY, ON 0.024%
223BEETON, ON 0.024%
224KOMOKA, ON 0.024%
225TIVERTON, ON 0.024%
226COLBORNE, ON 0.024%
227SUTTON WEST, ON 0.024%
228DUNDALK, ON 0.024%
229HAGERSVILLE, ON 0.024%
230MALLORYTOWN, ON 0.022%
231SOUTH RIVER, ON 0.022%

Types of Mortgage Inquiries Received from Colborne


Type of Mortgage Application Form Selected  Percentage
of Inquiries
No Money Down Mortgage (discontinued): 28.6%
First-time Home Buyer: 21.4%
Mortgage Renewal: 14.3%
Refinance / Debt Consolidation: 14.3%
Mortgage Pre-approval: 14.3%
Investment: 7.1%
 
Total Application Types Found: 6

Age Demographics for Colborne Mortgage Applicants

Average age: 38
Oldest age: 62
Youngest age: 23


Incomes for Colborne Mortgage Applicants

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

Average annual gross income for
mortgage applicants in Colborne: $47,488.23
applicants within all of Canada: $60,852.54
Difference: ($13,364.31)
  
mortgage co-applicants in Colborne: $24,029.25
co-applicants within all of Canada: $43,965.51
Difference: ($19,936.26)

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


Last mortgage report update for Colborne: Friday, July 1, 2016
Mortgage Calculator
 
Below is a listing of our most popular mortgage product inquiries made using our online mortgage application for customers in the province of Ontario.

Mortgage Product Type Inquiries
Mortgage Pre-approval20.29%
First-time Home Buyer17.89%
Refinance/Consolidate Debt15.20%
New Purchase13.98%
Mortgage Renewal11.48%
No Money Down discontinued11.13%
Other10.01%
 
Did you know? The average home loan in Brooklin is: Discover many more facts and statistics exclusively here at Mortgage Super Brokers.
Ontario