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Freelton Mortgage Information

Average Mortgage Loan in Freelton: $172,000

How Freelton Ranks in Ontario for Mortgage Business

The following table lists how Freelton 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
418THEDFORD, ON 0.010%
419DRUMBO, ON 0.010%
420MIDHURST, ON 0.010%
421BAYSVILLE, ON 0.010%
422ASHBURN, ON 0.010%
423FREELTON, ON 0.010%
424BRUCE MINES, ON 0.010%
425SYDENHAM, ON 0.010%
426AILSA CRAIG, ON 0.010%
427OXFORD STATION, ON 0.010%
428ASHTON, ON 0.010%

Types of Mortgage Inquiries Received from Freelton


Type of Mortgage Application Form Selected  Percentage
of Inquiries
Refinance / Debt Consolidation: 16.7%
New Home Purchase: 16.7%
Low Doc: 16.7%
No Money Down Mortgage (discontinued): 16.7%
Commercial: 16.7%
First-time Home Buyer: 16.7%
 
Total Application Types Found: 6

Age Demographics for Freelton Mortgage Applicants

Average age: 45
Oldest age: 63
Youngest age: 26


Incomes for Freelton Mortgage Applicants

The amounts below are the average income of applicants living in Freelton 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 Freelton: $116,000.00
applicants within all of Canada: $60,852.54
Difference: $55,147.46
  

Since the average income of Freelton is substantially higher than our national average, we have included the MEDIAN annual gross income for this area. A reason for such a high average is usually due to a high income that is just under our cut-off of acceptable incomes of <$500,000. In rare cases, some applicants may have entered an extra digit (ie. 400000 instead of 40000), which will also sway the averages in smaller areas. In such a case, we will correct the data accordingly.

Median annual gross income for
mortgage applicants in Freelton: $80,000.00
applicants within all of Canada: $60,852.54
Difference: $19,147.46

Note: Commercial Mortgages were not included for this report, only residential loans amounts from Freelton, Ontario were used.


Last mortgage report update for Freelton: Friday, July 1, 2016
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