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Frankford Mortgage Information

Average Mortgage Loan in Frankford: $146,292

Busy Days for Mortgage Applications within Frankford

The data below shows the busy days for online inquiries that were received by Super Brokers. Each day is a representation of the combined 6-year total of all instances of that day. In Frankford the busiest day, with approximately 22.22% of all inquiries, is Sunday. In comparison, Wednesday's are the slowest day with only 7.41% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Sunday: 22.2%
2 Thursday: 22.2%
3 Saturday: 18.5%
4 Monday: 11.1%
5 Tuesday: 11.1%
6 Friday: 7.4%
7 Wednesday: 7.4%
Busy Days Report for Frankford Mortgages

Peak Hours for Based Mortgages within Frankford

In Frankford, applications are received 24 hours a day via our web site. The time periods below represents the peak hours in the day. The data is taken from all days of all years. Only 44.4% of all mortgages are received during the morning, while 55.6% arrive in the afternoon.


Peak Hours Graph for Mortgages in Frankford
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 0%
1AM 01:00 to 01:59: 0%
2AM 02:00 to 02:59: 0%
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: 3.7%
7AM 07:00 to 07:59: 7.4%
8AM 08:00 to 08:59: 7.4%
9AM 09:00 to 09:59: 14.8%
10AM 10:00 to 10:59: 7.4%
11AM 11:00 to 11:59: 3.7%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 7.4%
1PM 13:00 to 13:59: 11.1%
2PM 14:00 to 14:59: 7.4%
3PM 15:00 to 15:59: 3.7%
4PM 16:00 to 16:59: 3.7%
5PM 17:00 to 17:59: 7.4%
6PM 18:00 to 18:59: 11.1%
7PM 19:00 to 19:59: 0%
8PM 20:00 to 20:59: 3.7%
9PM 21:00 to 21:59: 0%
10PM 22:00 to 22:59: 0%
11PM 23:00 to 23:59: 0%

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 Frankford Ranks in Ontario for Mortgage Business

The following table lists how Frankford 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
134CHELMSFORD, ON 0.048%
135GANANOQUE, ON 0.048%
136NEWCASTLE, ON 0.048%
137PRESCOTT, ON 0.048%
138COCHRANE, ON 0.047%
139FRANKFORD, ON 0.047%
140ESPANOLA, ON 0.047%
141PORT DOVER, ON 0.047%
142ROCKLAND, ON 0.045%
143BLENHEIM, ON 0.045%
144PORT ELGIN, ON 0.045%

Types of Mortgage Inquiries Received from Frankford


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 29.6%
Mortgage Pre-approval: 18.5%
No Money Down Mortgage (discontinued): 14.8%
Mortgage Renewal: 11.1%
New Home Purchase: 11.1%
First-time Home Buyer: 7.4%
Other: 7.4%
 
Total Application Types Found: 8

Age Demographics for Frankford Originated Mortgages

Average age: 37
Oldest age: 59
Youngest age: 26


Incomes for Frankford Originated Mortgages

The following figures show the average income of applicants living in Frankford 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 Frankford: $63,874.58
applicants within all of Canada: $60,852.54
Difference: $3,022.04
  
mortgage co-applicants in Frankford: $33,501.08
co-applicants within all of Canada: $43,965.51
Difference: ($10,464.44)

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


Last mortgage report update for Frankford: 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 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%