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Echo Bay Mortgage Information

Average Mortgage Loan in Echo Bay: $83,333

How Echo Bay Ranks in Ontario for Mortgage Business

The following table lists how Echo 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
331PORCUPINE, ON 0.016%
332TROY, ON 0.014%
333VICTORIA HARBOUR, ON 0.014%
334BRIDGENORTH, ON 0.014%
335WASHAGO, ON 0.014%
336ECHO BAY, ON 0.014%
337KEENE, ON 0.014%
338ALFRED, ON 0.014%
339PICKLE LAKE, ON 0.014%
340CHESTERVILLE, ON 0.014%
341BLOOMFIELD, ON 0.014%

Types of Mortgage Inquiries Received from Echo Bay


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 37.5%
Refinance / Debt Consolidation: 12.5%
Mortgage Pre-approval: 12.5%
No Money Down Mortgage (discontinued): 12.5%
First-time Home Buyer: 12.5%
Second Mortgage: 12.5%
 
Total Application Types Found: 6

Age Demographics for Echo Bay Based Mortgages

Average age: 42
Oldest age: 63
Youngest age: 28


Incomes for Echo Bay Based Mortgages

The amounts below are the average income of people living in Echo Bay 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 Echo Bay: $50,698.43
applicants within all of Canada: $60,852.54
Difference: ($10,154.11)
  

Note: Commercial Mortgage loans were not included for this survey, only residential mortgage loan amounts from Echo Bay, Ontario were used.


Last mortgage report update for Echo 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 Toronto.

Mortgage Product Type Inquiries
First-time Home Buyer24.27%
Mortgage Pre-approval23.55%
New Purchase11.64%
Mortgage Renewal10.56%
No Money Down discontinued10.37%
Refinance/Consolidate Debt8.74%
Other10.88%