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Hanover Mortgage Information

Average Mortgage Loan in Hanover: $171,480

Busy Days for Mortgages Originating within Hanover

The bar graph below compares the busy days for mortgage applications that were received by Super Brokers' web site. Each day is a total combined representation of the last 5 years of all occurrences of that day. In Hanover the busiest day, with approximately 34.15% of all submissions, is Monday. In comparison, Saturday's are the slowest day with only 4.88% of all inquiries.

Rank Day of the Week Percentage of Applications
1 Monday: 34.1%
2 Tuesday: 17.1%
3 Thursday: 17.1%
4 Wednesday: 14.6%
5 Friday: 7.3%
6 Sunday: 4.9%
7 Saturday: 4.9%
Busy Days Report for Hanover Mortgages

Peak Hours for Mortgage Applicants within Hanover

In Hanover, applications are received 24 hours a day via our web site. The time periods below represents the peak hours within a 24-hour period. The data is taken from all days of all years. Only 41.5% of all mortgages are received during the morning, while 56.1% arrive in the afternoon.


Peak Hours Graph for Mortgages in Hanover
TimePeriod (24 Hour) Percentage
of Applications
12AM 00:00 to 00:59: 2.4%
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: 4.9%
6AM 06:00 to 06:59: 4.9%
7AM 07:00 to 07:59: 12.2%
8AM 08:00 to 08:59: 2.4%
9AM 09:00 to 09:59: 12.2%
10AM 10:00 to 10:59: 4.9%
11AM 11:00 to 11:59: 0%
TimePeriod (24 Hour) Percentage
of Applications
Lunch 12:00 to 12:59: 4.9%
1PM 13:00 to 13:59: 0%
2PM 14:00 to 14:59: 2.4%
3PM 15:00 to 15:59: 14.6%
4PM 16:00 to 16:59: 4.9%
5PM 17:00 to 17:59: 14.6%
6PM 18:00 to 18:59: 4.9%
7PM 19:00 to 19:59: 2.4%
8PM 20:00 to 20:59: 4.9%
9PM 21:00 to 21:59: 0%
10PM 22:00 to 22:59: 2.4%
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 Hanover Ranks in Ontario for Mortgage Business

The following table lists how Hanover 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
91PORT COLBORNE, ON 0.076%
92LEAMINGTON, ON 0.076%
93INGERSOLL, ON 0.074%
94BRACEBRIDGE, ON 0.073%
95PARRY SOUND, ON 0.073%
96HANOVER, ON 0.071%
97PARIS, ON 0.071%
98DELHI, ON 0.067%
99PERTH, ON 0.067%
100TECUMSEH, ON 0.067%
101STITTSVILLE, ON 0.067%

Types of Mortgage Inquiries Received from Hanover


Type of Mortgage Application Form Selected  Percentage
of Inquiries
New Home Purchase: 19.5%
No Money Down Mortgage (discontinued): 17.1%
Refinance / Debt Consolidation: 14.6%
Mortgage Pre-approval: 12.2%
First-time Home Buyer: 12.2%
Mortgage Renewal: 9.8%
Commercial: 4.9%
Equity Mortgage: 4.9%
Other: 4.8%
 
Total Application Types Found: 10

Age Demographics for Hanover Mortgages

Average age: 37
Oldest age: 64
Youngest age: 22


Incomes for Hanover Mortgages

The following figures show the average income of applicants living in Hanover who have submitted an inquiry using the pre-approval application on the Mortgage Super Brokers' web site.

Average annual gross income for
mortgage applicants in Hanover: $54,363.63
applicants within all of Canada: $60,852.54
Difference: ($6,488.91)
  
mortgage co-applicants in Hanover: $45,752.00
co-applicants within all of Canada: $43,965.51
Difference: $1,786.49

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


Last mortgage report update for Hanover: 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 Georgetown.

Mortgage Product Type Inquiries
Refinance/Consolidate Debt23.26%
Mortgage Renewal17.44%
First-time Home Buyer16.28%
Mortgage Pre-approval11.63%
New Purchase11.63%
No Money Down discontinued9.30%
Other10.47%