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Cottam Mortgage Information

Average Mortgage Loan in Cottam: $99,400

How Cottam Ranks in Ontario for Mortgage Business

The following table lists how Cottam 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
391SWASTIKA, ON 0.012%
392BRECHIN, ON 0.012%
393SHARON, ON 0.010%
394NOVAR, ON 0.010%
395COE HILL, ON 0.010%
396COTTAM, ON 0.010%
397SCHUMACHER, ON 0.010%
398WARREN, ON 0.010%
399BRIGHT, ON 0.010%
400STEVENSVILLE, ON 0.010%
401LARDER LAKE, ON 0.010%

Types of Mortgage Inquiries Received from Cottam


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Mortgage Renewal: 16.7%
New Home Purchase: 16.7%
Refinance / Debt Consolidation: 16.7%
Mortgage Pre-approval: 16.7%
No Money Down Mortgage (discontinued): 16.7%
Investment: 16.7%
 
Total Application Types Found: 6

Age Demographics for Cottam Originated Mortgages

Average age: 40
Oldest age: 58
Youngest age: 33


Incomes for Cottam Originated Mortgages

The numbers below represent the average income of Canadians living in Cottam who have applied for a mortgage loan using the pre-approval application on Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Cottam: $49,500.00
applicants within all of Canada: $60,852.54
Difference: ($11,352.54)
  

Note: Commercial loan amounts were not included for this section, only residential loans amounts from Cottam, Ontario were used.


Last mortgage report update for Cottam: Friday, July 1, 2016
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An amortization is the amount of time scheduled to completely pay off a loan, and the amortization length you choose is important in shaping how much you'll end up paying for your home. While the Government of Canada's national housing agency caps the amortization period for high-ratio mortgages at 25 years, and that is the most popular amortization length in Canada, amortizations can range anywhere from 5 to 30 years for uninsured mortgages. Try our easy to use mortgage calculator to see how changing the amortization length affects your loan payments.
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